National Income/Budget — 35 India Economy PYQs with Answers | UKPSC PYQ Hub

Question 1

From the following, who is not the part of the governing council of NITI Aayog?

Accepted Answer

Governors of States. Governors of states is not part of the governing council NITI Aayog. The governing council of NITI Aayog comprises the Hon'ble prime minister of India. Chief ministers of all the states and union territories with legislature, Lt governors of other UTs, Ex-officio Members: Vice chairman, NITI Aayog; full time Members, NITI Aayog; and special Invitees.

Question 2

Which of the following plan is called 'Rolling Plan' ?

Accepted Answer

Sixth Plan. Sixth Five Year Plan (1978-83) is called Rolling Plan, introduced by Janta Party government led by Morar Ji Desai after removing Fifth Five Year Plan in 1977-78.

Question 3

Geometric mean can be used to find out

Accepted Answer

Both the above. Geometric mean can be used to find out Population Growth as well as growth rate of GNP (Gross National Product).

Question 4

Who gains during the period of rising prices?

Accepted Answer

and. Inflation has an adverse effect on the lender and a favorable effect his money to someone, the value of his money will decrease due to inflation.

Question 5

In India the objective of self-reliant and self generating development was adopted first and foremost in the–

Accepted Answer

Third five year plan. The main objective of the Third five year plan (1961-62 to 1966-67) was to make significant progress towards self-sustained development. In this plan, priority was given to both agriculture and industry. The main objective of the fifth plan was 'eradication of Poverty and self-reliance. In the sixth plan (April 1, 1980 to march 31, 1985), many important programs were adopted for poverty and unemployment.

Question 6

Who was the first Chairman of India's Planning Commission?

Accepted Answer

Pandit Jawahar Lal Nehru. Prime Minister of India was Chairman of Planning Commission. Therefore Pandit Jawahar Lal Nehru, first Prime Minister of India was first Chairman of India's Planning Commission. NITI Aayog replaced Planning Commission of India on 1 January 2015. NITI Aayog is the premier policy think tank of the Government of India, providing directional and policy inputs.

Question 7

Which of the following statement is correct ?

Accepted Answer

Both. If depreciation from GNP (Gross National Product) is deducted, the measure of aggregate income obtain is called Net National Product (NNP). Thus- NNP = GNP - Depreciation NNP = GNP + Net Income from abroad – Depreciation 11th

Question 8

Which of the following was not a part of five year plan inclusive growth strategy ?

Accepted Answer

Strengthening of capital market. Strengthening of capital market was not 11th 11th included in five year plan. The key motive of five-year plan (2007-2012) was inclusive growth, reduction in poverty, extension of employment opportunity and reduction of gender inequality.