Q1. Which five
year plan gave emphasis on removal of poverty for the first time
A)
Fourth
B)
Fifth
C)
Sixth
D)
Seventh
Q2. The head
office of the asian development bank (ADB) is in
A)
Manila
B)
Jakarta
C)
Honululu
Q3. SDR stands for
A)
State Drawing Right
B)
Special Drawing Right
C)
Special Dollar Right
D)
Specific Dollar Right
Q4. Who has estimated National Income in India first?
A)
Dadabhai Naoroji
B)
RC Dutt
C)
VKRV Rao
D)
DR Gadgil
Q5. the 2011 census could be the
A)
13th census
B)
14th census
C)
15th census
D)
16th census
Q6. In India, Agriculture income is calculated by
A)
Output method
B)
Input method
C)
Expenditure method
D)
Commodity flow method
Q7. Who coined the term ‘hindu rate of growth’ for indian
Economy
A)
AK Sen
B)
Kirit S Parikh
C)
Raj Krishna
D)
Motek Singh Ahluwalia
Q8. Net National Product (NNP) of a country is
A)
GDP minus depreciation allowances
B)
GDP plus net income from abroad
C)
GNP minus net income from abroad
D)
GNP minus depreciation allowances
Q9. In which one of the year ‘Rolling plan’ was in operation
in India?
A)
1968-69
B)
1978-79
C)
1988-89
D)
1990-91
Q10. Which one of the following is a developed expenditure ?
A)
Irrigation expenditure
B)
Civil administration
C)
Debt services
D)
Grant-in-Aid
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other aspirants related to any question.
Answer Key
is updated with Explanation in comment box on next day of uploding this post.
Answer Key:
ReplyDelete1.B 2.A 3.B 4.A 5.C 6.A 7.C 8.D 9.B 10.A
Explanation of Q4.
ReplyDelete'Dadabhai Naoroji', fondly called the Grand Old Man of India, was the pioneer in this field. He prepared the first estimates of National income in 1876.
He estimated the national income by first estimating the value of agricultural production and then adding a certain percentage as non-agricultural production.
such method can only been called as a non-scientific method.
The first person to adopt a scientific procedure in estimating the national income was *Dr. VKRV Rao* in 1931.
Explanation of Q9.
ReplyDeleteIn India the 6th five year plan (1978-83) by the Janta Government was called Rolling Plan which was discarded by the next Congress Government in 1980.
The rolling plans allow for revisions and adjustments.
In the rolling plans there are three kind of plans. 1) is the plan for the current year which comprises the annual budget. 2) is a plan for a fixed number of years, which may be 3, 4 or 5 years. 3) is a perspective plan which is for 10, 15 or 20 years.
Explanation of Q10.
ReplyDeleteDevelopmental Expenditure: The expenditure which is incurred on activities directly related to economic development is called developmental expenditure. Hence, expenditure incurred on education, health care, scientific research; infrastructure and so on is developmental expenditure.
Non-develop mental Expenditure: Expenditure incurred on general essential services required for normal running of the government is termed as non-developmental expenditure. Therefore, expenditure incurred on services relating to general administration, police, defense, judiciary etc. is non-developmental expenditure.
A grant-in-aid is money coming from central government for a specific project. This kind of funding is usually used when the government and parliament have decided that the recipient should be publicly funded but operate with reasonable independence from the state.