F.Y B.COM
SEMESTER - 2
MID SEMESTER EXAMINATION
INDIAN ECONOMIC POLICY & PLANNING
(IEPP)
MCQS - 2019
(1) The Planning Commission of India was set up in the year...
(A) 1949
(B) 1947
(C) 1948
(D) 1950
(2) One of the following is not covered under Disaster Management.
(A) Earthquake, Tsunami and Landslide
(B) Food Security and Manpower
(C) Super Cyclones
(D) Flood and Draught
(3) Farmers' indebtedness can be mitigated through
(A) Increase in collaterals
(B) Provision of more new loans
(C) Increase in informal credit
(D) Settlement & waiving of old loans
(4) The first reformation of HDI was related to ...
(A) Standard of Living
(B) Life Expectancy at Birth
(C) Literacy Rate
(D) Purchasing Power Parity Dollar
(5) During which five year plan, a new agricultural strategy was developed to usher first green revolution in India:
(A) Third Five Year Plan
(B) Fourth Five Year Plan
(C) Second Five Year Plan
(D) Fifth Five Year Plan
(6) Which of these are sources of institutional credit?
I. Regional Rural Banks
II. Traders
III. Co operative banks
IV. Money Lenders
V. Primary Agricultural Credit Societies
(A) I, II, III, IV, V
(B) I, II, III, IV
(C) I, II, V
(D) I, II, IV, V
(7) Which feature is associated with Physical Planning?
(A) Taxation & subsidies
(B) Factor allocation & product yields
(C) Financial resources
(D) Financial goals
(8) Human Poverty Index is basically a _______ index
(A) Simple Composite Index
(B) Composite Deprivation Index
(C) Direct & Composite Index
(D) Geometric mean Index
(9) In the formation of HDI, following factors are considered
(A) Wealth, Education & Standard of Living
(B) Death Rate, Dropout Rate and Standard of Living
(C) Mortality Rate, Literacy Rate & Standard of Living
(D) Health, Education and Standard of Living
(10) Match the tools of financial planning with the objectives:
a. A fixed outlay | I. Mobilization of resources. |
b. Foreign payments & receipts | II. Growth of income & output. |
c. Taxation & savings | III. External balance. |
d. Public & private investment | IV. Scarcity of resources. |
(A) (a-III) (b-IV) (c-I) (d-II)
(B) (a-III) (b-I) (c-II) (d-IV)
(C) (a-IV) (b-III) (c-I) (d-II)
(D) (a-II) (b-I) (c-IV) (d-III)
(11) Identify one of the following terms not associated with limitation of Physical Planning of a developing country like India.
(A) Unbalanced segments of economy
(B) Shortage of supply of output
(C) Availability of adequate manpower
(D) Lack of statistical data and information
(12) Blue Revolution refers to
(A) Increase in fish production
(B) Increase in milk production
(C) Increase in animal production
(D) Increase in vegetable production
(13) Identify the limitation of green revolution from following statements:
I. It widened the disparity in income and wealth
II. It neglected institutional reforms in agriculture
III. It increased production of food & non food crops
IV. It increased unemployment through mechanisation in rural area
V. It was not widespread across the country
(A) I, I, III, IV, V
(B) I, I, III, V
(C) I, I, IV, V
(D) I, II, III, IV
(14) Comprehensive Disaster Management is based upon:
(A) Rejuvenation, Recollection, Mitigation, Preparation
(B) Recollection, Mitigation, Preparation, Response
(C) Mitigation, Preparation, Response, Recovery
(D) Mitigation, Preparation, Rejuvenation, Recollection
(15) Who adopted national planning for the first time in the world?
(A) Soviet Union
(B) Great Britain
(C) United States
(D) India
(16) Match statements given in two columns:
a. Formal Credit institution | I. Refinance. |
b. NABARD | II. Soil Health Card. |
c. Fertility of soil | II. Self Reliance in pulses & oil seeds. |
d. Second Green revolution | IV. Loan waver schemes. |
(A) (a-llI) (b-IV) (C-I) (d-II)
(B) (a-IV) (b-l) (C-II) (d-III)
(C) (a-IV) (b-lII) (C-II) d-I)
(D) (a-lll) (b-I) (C-II) (d-IV)
(17) Which of the following features of Economic Development can be associated with Schumpeter's definition:
I. It is a static concept
II. It is a discontinuous and spontaneous process
III. It alters the equilibrium position previously existing
IV. It is a gradual and steady change over a long period of time
(A) III, IV
(B) I, II, III
(C) II, III
(D) IV
(18) Match the following statements correctly:
a. Regulation of market | I. Abundance of labour force. |
b. Provision of gainful employment | II. Inadequately developed regions & sectors. |
c. Balanced sectorial growth | III. Imperfect knowledge. |
d. Poverty alleviation | IV. Per capita income. |
(A) (a-III) (b-IV) (C-I) (d-II)
(B) (a-l) (b-III) (c-II) (d-IV)
(C) (a-ll) (b-l) (C-IV) (d-III)
(D) (a-llI) (b-I) (c-II) (d-IV)
(19) Which of these is not an example of loan taken for short term?
(A) Loan for permanent land reforms
(B) Loan for agricultural marketing
(C) Purchase of HYV seeds
(D) Purchase of fertilizers
(20) The second green revolution attempted at ________
(A) Growth in only milk production
(B) Sustainable and aggressive agricultural growth
(C) Sustainable and comprehensiv
(D) Growth in only limited areas agricultural growth
(21) Who recommends Minimum Support Price to the Government of India?
(A) Agricultural Price and food Commission
(B) Agriculture Price Committee
(C) Agricultural Price Commission
(D) Commission for Agricultural Costs and Prices
(22) When the Government announces agricultural subsidy, it means
(A) The Government has eliminated middle men for direct marketing
(B) The Government gives financial support to reduce input expenditure and supplement farmers' income
(C) The Government intends a rise in food prices in the market
(D) The Government gives financial support to increase input expenditure
(23) Identify Cash crops out of following choices:
I. Sugarcane
II. Oil seeds
III. Cotton
IV. Cereals
V. Pulses
(A) I, II, IV, V
(B) I, II, III
(C) I, II, III, IV, V
(D) II, III, IV, V
(24) Sustainability with equity was the major objective of _______
(A) National Agriculture Population Document, 2000
(B) National Agricultural Planning Document 2000
(C) National Agricultural Planning & - Implementation Document, 2000
(D) National Agriculture Policy Document, 2000
(25) In how many districts the Intensive Area Development Programme was launched?
(A) Eight
(B) Five
(C) Seven
(D) Six
(26) MPI means Index
(A) Multi Purpose Index
(B) Multi Dimensional Poverty Index
(C)Multi Pronged Index
(D) Multi party index
(27) By nature, planning in a socialistic economic system is ______
(A) Inductive
(B) Deductive
(C) Imperative
(D) Conductive
(28) The first three decades of Planning in India witnessed less than percent of annual growth of GDP:
(A) 5%
(B) 2%
(C) 3%
(D) 4%
(29) Which of the following two statements are true:
I. Planning is essential for economic development
II. Planning is only a means to an end
(A) Statement I is true
(B) Both I & II are true
(C) Statement Il is true
(D) Neither I nor I is true
(30) Real National Income is measured through the valuation of goods & services at ______
(A) Constant Price
(B) Nominal price
(C) Market price
(D) Inflationary price
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