TRB BT Assistant - Indian Economy and Economic Planning Online Test (MCQ Quiz)

1. Which Five-Year Plan in India emphasized 'Garibi Hatao' (Remove Poverty)?

A) Third Five-Year Plan B) Fourth Five-Year Plan C) Fifth Five-Year Plan D) Sixth Five-Year Plan

2. The objective of 'Growth with Social Justice' was a primary goal of which Five-Year Plan?

A) First Five-Year Plan B) Second Five-Year Plan C) Fourth Five-Year Plan D) Fifth Five-Year Plan

3. Which economic concept, introduced by John Maynard Keynes, influenced India's early economic planning?

A) Laissez-faire B) Supply-side economics C) Demand-side management D) Neoclassical economics

4. The Mahalanobis model, focusing on heavy industries, was a key feature of which Five-Year Plan?

A) First Five-Year Plan B) Second Five-Year Plan C) Third Five-Year Plan D) Fourth Five-Year Plan

5. Which institution was responsible for formulating India's Five-Year Plans?

A) Reserve Bank of India (RBI) B) Planning Commission of India C) Ministry of Finance D) Securities and Exchange Board of India (SEBI)

6. What was the main focus of India's First Five-Year Plan (1951-1956)?

A) Industrialization B) Agriculture and irrigation C) Poverty alleviation D) Export promotion

7. The concept of a 'Mixed Economy' in India implies:

A) Complete state ownership of all industries B) Private enterprise with no government intervention C) Coexistence of public and private sectors D) Only agriculture and services sectors

8. Which Five-Year Plan is known for its emphasis on 'Self-Reliance' and 'Green Revolution'?

A) Second Five-Year Plan B) Third Five-Year Plan C) Fourth Five-Year Plan D) Fifth Five-Year Plan

9. The 'Rolling Plan' concept, which suggested flexibility in planning, was introduced during the Janata Party government for which period?

A) 1974-1979 B) 1978-1983 C) 1980-1985 D) 1985-1990

10. What was the primary objective of the Eighth Five-Year Plan (1992-1997)?

A) Rapid Industrialization B) Human Resource Development C) Economic Liberalization and Reforms D) Agricultural Self-Sufficiency

11. The economic liberalization reforms in India, including deregulation and privatization, began in which year?

A) 1985 B) 1991 C) 1995 D) 2001

12. Which of the following is NOT a characteristic of India's planned economy?

A) Resource allocation by market forces B) Government intervention in economic activities C) Five-Year Plans as guiding documents D) Emphasis on social welfare objectives

13. The 'Bombay Plan' of 1944 was a blueprint for India's industrial development prepared by:

A) Government officials B) Foreign economists C) Indian industrialists D) Socialist leaders

14. Which Five-Year Plan had the slogan 'Development with a Human Face'?

A) Sixth Five-Year Plan B) Seventh Five-Year Plan C) Eighth Five-Year Plan D) Ninth Five-Year Plan

15. The concept of 'Inclusive Growth' became a prominent objective in which Five-Year Plan?

A) Ninth Five-Year Plan B) Tenth Five-Year Plan C) Eleventh Five-Year Plan D) Twelfth Five-Year Plan

16. Which was the last Five-Year Plan in India?

A) Tenth Five-Year Plan B) Eleventh Five-Year Plan C) Twelfth Five-Year Plan D) Thirteenth Five-Year Plan

17. The Planning Commission of India was replaced by which body in 2015?

A) National Development Council B) NITI Aayog C) Economic Advisory Council D) Finance Commission

18. The 'Minimum Needs Programme' was introduced during which Five-Year Plan?

A) Third Five-Year Plan B) Fourth Five-Year Plan C) Fifth Five-Year Plan D) Sixth Five-Year Plan

19. Which Five-Year Plan aimed at achieving 'Sustainable Development'?

A) Tenth Five-Year Plan B) Eleventh Five-Year Plan C) Twelfth Five-Year Plan D) Thirteenth Five-Year Plan

20. The 'Public Sector Undertakings' (PSUs) were given significant emphasis in which phase of India's economic planning?

A) Early plans (First to Third) B) Liberalization period (post-1991) C) Recent plans (post-2000) D) Only during the Rolling Plan

21. What does the acronym 'NITI' in NITI Aayog stand for?

A) National Institute for Transforming India B) National Investment and Trade Initiative C) New Industrial and Technological Integration D) National Innovation and Technology Implementation

22. The concept of 'Poverty Line' was first formally defined in India during which Five-Year Plan?

A) First Five-Year Plan B) Second Five-Year Plan C) Third Five-Year Plan D) Fourth Five-Year Plan

23. Which Five-Year Plan focused on 'Employment Generation' and 'Poverty Eradication' as its main goals?

A) Third Five-Year Plan B) Fourth Five-Year Plan C) Fifth Five-Year Plan D) Sixth Five-Year Plan

24. The 'Operation Flood' program, aimed at increasing milk production, was initiated during the period of which Five-Year Plan?

A) Third Five-Year Plan B) Fourth Five-Year Plan C) Fifth Five-Year Plan D) Sixth Five-Year Plan

25. Which Five-Year Plan witnessed the implementation of the 'Integrated Rural Development Programme' (IRDP)?

A) Fourth Five-Year Plan B) Fifth Five-Year Plan C) Sixth Five-Year Plan D) Seventh Five-Year Plan

26. The 'National Rural Employment Guarantee Scheme' (NREGS), now MGNREGA, was launched in which year?

A) 2000 B) 2005 C) 2009 D) 2011

27. Which of the following is a key function of NITI Aayog?

A) Formulating monetary policy B) Acting as a think tank and policy incubator C) Regulating the stock market D) Managing foreign exchange reserves

28. The Ninth Five-Year Plan (1997-2002) emphasized:

A) Rapid Industrial Growth B) Employment and Social Justice C) Accelerated Privatization D) Fiscal Consolidation

29. The objective of 'Food, Work, and Livelihood' was a central theme of which Five-Year Plan?

A) Seventh Five-Year Plan B) Eighth Five-Year Plan C) Ninth Five-Year Plan D) Tenth Five-Year Plan

30. Which Five-Year Plan aimed at reducing the poverty ratio by 10 percentage points during its period?

A) Eighth Five-Year Plan B) Ninth Five-Year Plan C) Tenth Five-Year Plan D) Eleventh Five-Year Plan

31. The 'Sarva Shiksha Abhiyan' (SSA) was launched during the period of which Five-Year Plan?

A) Ninth Five-Year Plan B) Tenth Five-Year Plan C) Eleventh Five-Year Plan D) Twelfth Five-Year Plan

32. The Twelfth Five-Year Plan (2012-2017) had the overarching theme of:

A) Poverty Eradication B) Rapid and Inclusive Growth C) Self-Reliance D) Industrial Dominance

33. The economic reforms of 1991 were largely a response to:

A) A period of high growth B) A severe balance of payments crisis C) The end of the Cold War D) Increased foreign investment

34. Which sector saw the most significant liberalization immediately after 1991?

A) Agriculture B) Small-scale industries C) Telecommunications and Banking D) Defence production

35. The 'Golden Handshake Scheme' was introduced to address issues in which sector?

A) Agriculture B) Public Sector Undertakings C) Education D) Healthcare

36. The concept of 'Structural Adjustment Programme' (SAP) was associated with India's economic reforms in:

A) 1950s B) 1960s C) 1980s D) 1990s

37. Which institution provided financial assistance to India during its 1991 economic crisis?

A) World Bank B) International Monetary Fund (IMF) C) Asian Development Bank (ADB) D) United Nations

38. The 'Disinvestment Policy' in India refers to:

A) Increasing government stake in PSUs B) Reducing government stake in PSUs C) Nationalizing private companies D) Imposing higher taxes on private firms

39. The 'National Common Minimum Programme' (NCMP) was a policy framework adopted by which government coalition?

A) NDA (National Democratic Alliance) B) UPA (United Progressive Alliance) C) Janata Party D) Congress (I)

40. Which Five-Year Plan was characterized by 'Steep Rise in Population' and 'Slow Growth Rate'?

A) First Five-Year Plan B) Second Five-Year Plan C) Third Five-Year Plan D) Fourth Five-Year Plan

41. The 'National Bank for Agriculture and Rural Development' (NABARD) was established in which year?

A) 1975 B) 1980 C) 1982 D) 1985

42. The 'Swarn Jayanti Gram Swarozgar Yojana' (SGSY) was a major poverty alleviation programme launched during which Five-Year Plan?

A) Seventh Five-Year Plan B) Eighth Five-Year Plan C) Ninth Five-Year Plan D) Tenth Five-Year Plan

43. Which Five-Year Plan aimed at achieving 'Economic Growth' and 'Self-Sufficiency'?

A) First Five-Year Plan B) Second Five-Year Plan C) Third Five-Year Plan D) Fourth Five-Year Plan

44. The objective of 'Accelerated Industrial Development' was a focus of which Five-Year Plan?

A) Third Five-Year Plan B) Fourth Five-Year Plan C) Fifth Five-Year Plan D) Sixth Five-Year Plan

45. The 'National Rural Livelihoods Mission' (NRLM) is a successor to which earlier program?

A) IRDP B) SGSY C) MGNREGA D) PMGSY

46. Which Five-Year Plan is associated with the economic policy of 'liberalization, privatization, and globalization' (LPG)?

A) Seventh Five-Year Plan B) Eighth Five-Year Plan C) Ninth Five-Year Plan D) Tenth Five-Year Plan

47. The 'Twelfth Five-Year Plan' aimed to increase the share of manufacturing in GDP to:

A) 15% B) 20% C) 25% D) 30%

48. The 'Goods and Services Tax' (GST) was a significant reform largely implemented during the period leading up to and following which Five-Year Plan?

A) Tenth Five-Year Plan B) Eleventh Five-Year Plan C) Twelfth Five-Year Plan D) Post Twelfth Five-Year Plan era

49. NITI Aayog's role is primarily advisory and strategic, unlike the executive mandate of the erstwhile Planning Commission.

A) True B) False C) Partially True D) Depends on the context

50. Which economic indicator was a primary concern during the Fifth Five-Year Plan, leading to its early termination?

A) Unemployment B) Inflation C) Fiscal Deficit D) Trade Deficit

Indian Economy and Economic Planning - Online Test

Test Results