Q1.Economic planning is a special feature of  
(a) Socialistic economy
(b) Mixed economy
(c) dual economy
(d) capitalistic economy

Q2. Price Mechanism is a feature of 
(a) Socialistic economy
(b) Mixed economy
(c) dual economy
(d) capitalistic economy

Q3. Ideal system of political economy is the contribution of
(a) Oscar Lange
(b) Karl Marx
(c) Keynes
(d) J.S.Mill

Q4.The slogan “Garibi Hatao” was introduced in which plan?
(a) 2nd plan
(b) 3rd plan
(c) 5th plan
(d) 6th plan

Q5.The idea of 5 years plan taken from
(a) U.S.A.
(b) U.S.S.R.
(c) Japan
(d) England

Q6. The difference b/w GNP and NNP is equal to :
(a) Income from taxes
(b) Depreciation
(c) Income from indirect taxes
(d) None of these

Q7. Which of the following is/are not a UNDP report:
(a) HDI
(b) MPI
(c) GDI
(d) GEM

Q8. Which of the following is/are not a factor of production
(a) Entrepreneur
(b) Capital
(c) Portfolio
(d) Labour

Q9. Forex reserve in India does not comprise which of the following items
(a) Gold
(b) SLR
(c) Foreign currency
(d) All of the Above

Q10. Inflation does not benefit:
(a) Borrower From SBI
(b) Borrower From SBM
(c) Exports
(d) None of the above

Q11.Subsidies mean
(a) payment by government for the purchase of goods and services
(b) payment made by business enterprises to factors of production
(c) payment made by companies to shareholders
(d) payment made by the government to business enterprises, without buying any goods and services#

Q12. National expenditure includes
(a) consumption expenditure    
(b) investment expenditure
(c) government expenditure
(d) All of the above

Q13. How many banks were nationalised in 1969?
(a) 14
(b) 16
(c) 20
(d) 24

Q14. When did India become a member of international Monetary Fund (IMF)?
(a) 1945
(b) 1949
(c) 1950
(d) 1955

Q15. Who was the first Indian Governor of the Reserve Bank of India?
(a) C.D. Deshmukh
(b) Sachindra Ray
(c) None of these
(d) None of these


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