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MCQ on Indian Economy

Planning Commission of India was set up by :

  • Morarji Desai
  • T T Krishnamachari
  • Jawaharlal Nehru
  • None of the above
  • Correct Option: C  [ Jawaharlal Nehru ]

    Explanation:

Green revolution occurred during:

  • 1945-1955
  • 1965-1975
  • 1985-1995
  • none of these
  • Correct Option: B  [ 1965-1975 ]

    Explanation:

Prime Minister Jan Dhan Yojana provides free Accident Insurance upto :

  • Rs. 1 lac
  • Rs. 1.5 lacs
  • Rs. 2 lacs
  • Rs. 2.5 lacs
  • Correct Option: A  [ Rs. 1 lac ]

    Explanation:

If withdrawal of a worker from employment does not create any output loss, this situation is known as

  • Search unemployment
  • Voluntary unemployment
  • Disguised unemployment
  • Frictional unemployment
  • Correct Option: C  [ Disguised unemployment ]

    Explanation:

Existence of huge black money creates

  • increase in the inequality of income
  • decrease in the quality of output
  • high living standard for all
  • Both (B) and (C)
  • Correct Option: A  [ increase in the inequality of income ]

    Explanation:

Pradhan Mantri Jan Dhan Yojana was first announced by Hon'ble Prime Minister Modi on:

  • 15th August, 2014
  • 28th August, 2015
  • 26th January, 2016
  • None of the above
  • Correct Option: A  [ 15th August, 2014 ]

    Explanation:

Who was the father of Operation Flood in India ?

  • Dr. Varghese Kurien
  • M. S. Swaminathan
  • A P J Abdul Kalam
  • Morarji Desai
  • Correct Option: A  [ Dr. Varghese Kurien ]

    Explanation: Operation Flood related to Milk Production.

The Iron and Steel plants of Rourkela and Durgapur were conceived under the:

  • First Five Year Plan
  • Second Five Year Plan
  • Third Five Year Plan
  • Fourth Five Year Plan
  • Correct Option: B  [ Second Five Year Plan ]

    Explanation:

The highest body which approves the Five Year Plan in India is :

  • Parliament
  • Planning Commission
  • National Development Council
  • Finance Commission
  • Correct Option: C  [ National Development Council ]

    Explanation:

ICDS was first introduced in India in the year

  • 1975
  • 1977
  • 1979
  • None of these
  • Correct Option: A  [ 1975 ]

    Explanation: