NABARD Grade A Economics & Social Issues (ESI ) Daily Quiz Questions Set- 1

1. National Development Council was set up in____________
(a) 1948
(b) 1950
(c) 1951
(d) 1952

2. Economic Planning is a subject_________
(a) in the Union List
(b) in the State List
(c) in the Concurrent List
(d) unspecified in any special list

3. For internal financing of Five Year Plans, the government depends on_______________
(a) taxation only
(b) taxation and public borrowing

(c) public borrowing and deficit financing
(d) taxation, public borrowing and deficit financing

4. The National Development Council gets its administrative support from__________
(a) Planning Commission
(b) Finance Commission
(c) Administrative Reforms Commission
(d) Sarkaria Commission

5. The Five Year Plans of India intend to develop the country industrially through___________
(a) the public sector
(b) the private sector
(c) the public, private, joint and Cooperative sectors
(d) increasing collaboration with non-resident Indians

6. The Planning Commission is ___________
(a) a Ministry
(b) a Government department
(c) an Advisory body
(d) an Autonomous Corporation

7. Which of the following statements is correct?
(a) Planning Commission is a constitutional body
(b) The Prime Minister is the Chairman of the Planning Commission
(c) The Minister of Planning is always necessarily the Deputy Chairman of Planning Commission
(d) The draft plan is prepared by the National Development Council

8. The principal reason why national economic planning is still being pursued inspite of embracing a market economy since 1991 is that______________
(a) the vast quantity of capital already deployed in the public sector needs to be nurtured
(b) the market economy is mainly confined to industry and commerce and central planning in agriculture is necessary
(c) it is a constitutional requirement
(d) Five Year Plans can continue to provide a long-term perspective to the economy in market friendly fashions

9. ‘Take off stage’ in an economy means___________
(a) steady growth begins
(b) economy is stagnant
(c) economy is about to collapse
(d) all controls are removed

10. Planning in India derives its objectives from___________
(a) Fundamental Rights
(b) Directive Principles of State policy
(c) Fundamental Duties
(d) Preamble

Answer:-

1)(d) 1952

2)(a) in the Union List

3)(a) taxation only

4)(a) Planning Commission

5)(c) the public, private, joint and Cooperative sectors

6)(c) an Advisory body

7)(b) The Prime Minister is the Chairman of the Planning Commission

8)(d) Five Year Plans can continue to provide a long-term perspective to the economy in market friendly fashions

9)(a) steady growth begins

10)(b) Directive Principles of State policy