Kerala Administrative Service (KAS) Online Class Indian Economy Class 2. Five Year Plans, Capitalist Economy, Socialist Economy, Mixed Economy, Mahalanobis Model,
Kerala Administrative Service (KAS) Online Class Indian Economy Class 2. Five Year Plans, Capitalist Economy, Socialist Economy, Mixed Economy, Mahalanobis Model,
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Questions and Answers
- [accordion]
- 1. Who established the Indian Statistical Institute at Calcutta?
- A) PC Ray
B) PC Mahalanobis
C) M Visvesvaraya
D) Adam Smith - Answer
- B
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- [accordion]
- 2. Which 5 year plan is called Mahalanobis model?
- A) First
B) Second
C) Third
D) Fourth - Answer
- B
- [accordion]
- 3. The planning commission of India was set up in the year
- A) 1950
B) 1951
C) 1952
D) 1953 - Answer
- A
- [accordion]
- 4. Which one of the following was not a goal of the five year plans?
- A) Growth
B) Self Reliance
C) Modernization
D) Equality - Answer
- D
- [accordion]
- 5. Match the following
- i) First plan 1. Mahalanobis model
ii) Second plan 2. Harrod Domar model
iii) Eighth plan 3. Rangarajan model
iv) Eleventh plan 4. John Miller model
A) i-1 ii-2 iii-4 iv-3
B) i-1 ii-2 iii-3 iv-4
C) i-2 ii-1 iii-4 iv-3
D) i-3 ii-4 iii-2 iv-1 - Answer
- C
- [accordion]
- 6. First five year plan gave emphasis to
- A) Agriculture
B) Education
C) Industrial development
D) Defense - Answer
- A
- [accordion]
- 7. Consider the following statements
- i) The idea of 5 year plan was borrowed from USSR.
ii) Perspective plan is a long term plan to be achieved over a period of 20 years.
iii) In capitalist economy goods are produced and distributed among people on the basis of purchasing power.
iv) GDP is the market value of all goods and services produced in a country in an year.
Which of the statements are correct?
A) i, ii and iii
B) ii, iii and iv
C) i, iii and iv
D) i, ii, iii and iv - Answer
- D
- [accordion]
- 8. Who is known as the architect of Indian planning?
- A) PC Mahalanobis
B) Harrod Domar
C) S Chakraborty
D) John W Miller - Answer
- A
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