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Economics Important Questions

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Indian Economics GK Questions

Q.30 The aim of which of the Five Year Plans was to correct the disequilibrium in the economy?

(A) First Five Year Plan

(B) Second Five Year Plan

(C) Third Five Year Plan

(D) Fourth Five Year Plan

Ans .   A

Q.31 Which of the following Five Year Plans recognized human development as the core of all developmental efforts?

(A) Eighth Five Year Plan

(B) Seventh Five Year Plan

(C) Fifth Five Year Plan

(D) Third Five Year Plan

Ans .   A

Q.32 Which country is not a member of SAARC?

(A) Pakistan        

(B) Myanmar

(C) India               

(D) Bangladesh

Ans .   B

Q.33 Who is the father of Economics?

(A) Max Mullar  

(B) Adam Smith

(C) Karl Marx      

(D) None of these above

Ans .   B

Q.34 Indian Economy is :

(A) Socialistic Economy  

(B) Ghandian Economy

(C) Mixed Economy         

(D) Free Economy

Ans .   C

Q.35 Mixed Economy means an economy where

(A) both agriculture and industry are equally permotod by the states

(B) there is co-existence of public sector along with private sector

(C) there is importance of small scale industries along with heavy industries

(D) economy is controlled by military as well as civilian rulers 

Ans .   B

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