Economic Planning in India MCQ Quiz Questions and Answers - 1

Question: 1

In which plan was the growth rate target exceeded?

(A) First

(B) Second

(C) Fifth

(D) Seventh

Question: 2

The Second Five Year Plan laid more stress upon

(A) Self reliance

(B) Removing poverty

(C) Agriculture

(D) Industrialisation

Question: 3

Who has given scarcity definition of economics?

(A) Robertson

(B) Robbins

(C) Marshall

(D) Adam Smith

Question: 4

The National Development Council gets its administrative supports from

(A) Planning Commission

(B) Administrative Reforms Commission

(C) Sarkaria Commission

(D) Finance Commission

Question: 5

Deficit financing means that the government borrows money from the

(A) Big businessmen

(B) Local bodies

(C) IMF

(D) RBI