7000+ Indian Economy Questions and Answers Pdf - 1

Question: 1

Who is the ex-officio chairman of Planning Commission and National Development Council?

(A) Commerce Minister

(B) Finance Minister

(C) President

(D) Prime Minister

Question: 2

Total utility becomes maximum, then marginal utility will be

(A) Zero

(B) Negative

(C) Average

(D) Minimum

Question: 3

Take off stage in an economy means

(A) Economy is stagnant

(B) Economy is about to collapse

(C) Steady growth begins

(D) All controls are removed

Question: 4

The strategy of Rolling plan was adopted during the Prime Ministership of

(A) Morarji Desai

(B) Rajiv Gandhi

(C) Indira Gandhi

(D) Lal Bahadur Shastri

Question: 5

In which year India adopted liberal and free market principles

(A) 1975

(B) 1991

(C) 1994

(D) 2000