Mixed economy means an economy where:

• There is co-existence of public sector along with private sector
• Both agriculture and Industry are equally promoted by the state
• There is importance of small scale industries along with heavy industries
• Economy is controlled by military as well as civilian rulers
Correct Option: A  [ There is co-existence of public sector along with private sector ]

Remark:

Poverty is defined as:

• A monetary condition brought about by people's own laziness
• A monetary condition where people do not have enough to satisfy basic needs
• A monetary and non-monetary conditions where people lack access to community regulated common resources, opportunities and income
• All of the above
Correct Option: C  [ A monetary and non-monetary conditions where people lack access to community regulated common resources, opportunities and income ]

Remark:

First Five Year Plan started in India in the year?

• 1952
• 1956
• 1950
• 1951
Correct Option: D  [ 1951 ]

Remark: 1951-56

Sarva Shiksha Abhiyan (SSA) was launched in the IXth Five Year Plan for:

• education for all
• education for the weaker sections
• universalisation of elementary education
• bridge all the genders and social gaps in education
Correct Option: C  [ universalisation of elementary education ]

Remark:

Whose signature is found on the 1000 rupee note of India?

• Finance Secretary of India
• Finance Minister Of India
• Governor, Reserve Bank of India
• President Of India
Correct Option: C  [ Governor, Reserve Bank of India ]

Remark:

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 ]

Remark:

When two or more persons working jointly on the basis of a common plan of action, then it is called:

• Co-operation
• Collaboration
• Co-ordination
• Consulting
Correct Option: B  [ Collaboration ]

Remark:

National Development Council was set up in:

• 1950
• 1951
• 1952
• 1954
Correct Option: C  [ 1952 ]

Remark:

Which of the following was established in 1990 as a wholly owned subsidiary under the Small Industries Development Bank of India Act, 1989 ?

• RBI
• SIDBI
• ICICI
• NABARD
Correct Option: B  [ SIDBI ]

Remark:

The equilibrium condition for money market is:

• demand for money should be equal to supply of money
• cash in hand should be equal to deposits in bank
• saving is equal to investment
• bank rate is equal to repo rate
Correct Option: A  [ demand for money should be equal to supply of money ]

Remark: