Indian Economy
1. Union Budget of India is presented by whom and in which house/ houses of the Parliament?
- Finance Minister of India; Lok Sabha
- Prime Minister of India; Rajya Sabha
- Cabinet Secretary; Both Lok Sabha and Rajya Sabha
- President of India; in joint session of Parliamnet
Answer: a
2. Who among the following presented Union Budget maximum number of times?
- P. Chidambaram
- R K Shanmukham Chetty
- Pranav Mukherjee
- Morarji Desai
Answer: d
3. Who among the following presented the first budget (interim) of Independent India?
- Manmohan Singh
- Jawaharlal Nehru
- R K Shanmukham Chetty
- N.D. Tiwari
Answer: c
4. What is the type of Indian economy?
- Socialist
- communist
- Capitalist
- Mixed
Answer: d
5. Which of the following statement is not correct about 'Bombay Plan'?
- The Bombay Plan is also called the 'Tata Bidla Plan'
- It was started in 1944
- Its draft was prepared by the John Mathai
- There were 10 members in this plan
Answer: c
6. When was 'Gandhian plan' started?
- 1944
- 1952
- 1934
- 1948
Answer: a
7. Who was the author of the Book 'Planned Economy of India'?
- M. Visvesvaraya
- Dada Bhai Nairobi
- Bhim Rao Ambedkar
- Jawaharlal Nehru
Answer: a
8. Which of the following is not matched correctly?
- First Five Year Plan: 1951-56
- Third Five Year Plan: 1961-66
- Seventh Five Year Plan:1980-85
- Tenth Five Year Plan: 2002-07
Answer: c
9. Which of the following statements is not correct?
- There is no constitutional provision in India about the Planning Commission
- Planning commission was established in January 1951
- National Development Council was established in August 1952
- Jawaharlal Nehru, was the first chairman of the Planning Commission
Answer: b
10. Which of the following statements is not correct?
- The first five year plan was launched from 1st April, 1951
- Dr. Rajendra Prasad was the first chairman of the Planning Commission of India
- The National Development Council used to give final approval to the Five Year Plan
- The first five year plan was based on the Harrod- Domar model
Answer: b