Thename of Prasanta Chandra Mahalanobis is associated with:

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

Remark: Prof. Prasanta Chandra Mahalanobis is also known as the father of Indian Statistics, architect of the Second Five-Year Plan (1956–61).

Which of the following is a primary sector of economic activities in India ?

• Food processing
• Telecom services
• Manufacturing industry
• Agriculture
Correct Option: D  [ Agriculture ]

Remark:

Who was the first Governor of Reserve Bank of India (RBI)?

• C D Deshmukh
• Sir Osborne Smith
• James Braid Taylor
• Benegal Rama Rau
Correct Option: B  [ Sir Osborne Smith ]

Remark: from 1935 to 1937

Three annual plans were launched between:

• 1969 to 1972
• 1986 to 1989
• 1990 to 1993
• 1966 to 1969
Correct Option: D  [ 1966 to 1969 ]

Remark:

In India the Repo rate is announced by:

• the Ministry of Finance, Government of India
• the Prime Minister of India
• the Reserve Bank of India
• the President of India
Correct Option: C  [ the Reserve Bank of India ]

Remark:

The Gandhian economy is based on the principle of:

• Competition
• Trusteeship
• State Control
• None of the above
Correct Option: B  [ Trusteeship ]

Remark:

Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, popularly known as Black Money Act, 2015 came into effect from :

• 1st April, 2015
• 1st May, 2015
• 1st June, 2015
• 1st July, 2015
Correct Option: D  [ 1st July, 2015 ]

Remark:

Who wrote the book Planned Economy for India?

• Jawaharlal Nehru
• Indira Gandhi
• M. Visvesvaraya
• Mahatma Gandhi
Correct Option: C  [ M. Visvesvaraya ]

Remark: