Planning, NITI Aayog & LPG – Economy – WBCS Main Question Paper

Planning, NITI Aayog, LPG Economy WBCS Main Question Paper
five year planning mcq

WBCS Main Question Paper – 2022

  1. The Rupee was made convertible on the current account of the balance of payments in

(A) July, 1991

(B) April, 1992

(C) August, 1994

(D) April, 1995


  1. Which Industrial Policy is known as the ‘Economic Constitution of India’?

(The Bible of State Capitalism)

(A) 1948

(B) 1956

(C) 1977

(D) 1991


  1. Which of the following Five Year Plan has laid emphasis on ‘faster, sustainable and inclusive growth’?

(A) Eleventh Five Year Plan

(B) Twelfth Five Year Plan

(C) Tenth Five Year Plan

(D) Ninth Five Year Plan


  1. India’s Second Five Year plan was based on

(A) Harrod-Domar Model

(B) Nehruvian-Feldman-Mahalanobis Model

(C) Romer Growth Model

(D) Leontief input-Output Model


  1. What is the third tier of government known as?

(A) Village Panchayats

(B) State Government

(C) Local self-government

(D) Zilla Parishad


  1. To achieve a high rate of growth of capital formation, P.C. Mahalanobis suggested that allocation of investment to capital goods sector should be

(A) 40%

(B) 33.3%

(C) 66.6%

(D) 50%


  1. The First Five Year plan was based on

(A) simple Harrod-Domar model.

(B) Solow model.

(C) a simple variant of Harrod-Domar model.

(D) Leontief model.


  1. In the past, Planners announced the Plan Holiday for three years. They were as follows:

(A) 1951-52, 1952-53, 1953-54

(B) 1961-62, 1962-63, 1963-64

(C) 1966-67, 1967-68, 1968-69

(D) 1971-72, 1972-73, 1973-74


  1. India faced a serious balance of payments problem in

(A) 1980-81

(B) 1990-91

(C) 2000-2001

(D) 2010-2011


  1. India’s Fourth Plan could not be launched on time due to

(A) Chinese aggression.

(B) conflict with Pakistan.

(C) Both Chinese aggression in 1962 and conflict with Pakistan in 1965

(D) None of the above


  1. Independent India’s serious efforts to alleviate poverty began with the famous slogan

(A) Joy Jawan, Joy Kishan

(B) ‘Garibi Hatao’ of the 1970s

(C) Workers of the World Unite

(D) None of the above


  1. The main foundation of Fifth Five Year Plan was

(A) Harrod-Domar model.

(B) Investment Model.

(C) Harrod-Domar one sector model, Leontief Input-Output Model and a Consumption sub-model.

(D) None of the above


  1. NITI Aayog came into operation on

(A) 1st April 2014

(B) 1st April 2015

(C) 1st January 2015

(D) 1st January 2016


  1. NITI Aayog was set up by

(A) resolution by Union Cabinet

(B) amending the Constitution of India

(C) Both (A) and (B)

(D) Neither (A) and (B)


  1. Arrange the following in the chronological order:

(a) Mahalanobis model

(b) Introduction of rolling plan

(c) Declaration of plan holiday

(d) Inclusive growth strategy

 Select the answer from the code below:

(A) (b), (a), (c), (d)

(B) (a), (c), (b), (d)

(C) (c), (a), (b), (d)

(D) (a), (c), (d), (b)


  1. When power is taken away from state governments and is given to local government, it is called

(A) Decentralization

(B) Centralization

(C) Panchayat Samiti

(D) Federalism


  1. Which of the following pairs is NOT correctly matched?

(A) Rangarajan Committee : Balance of Payments

(B) Kelkar Committee : Tax Reforms

(C) Tarapore Committee : Capital Account Convertibility

(D) Chakravarty Committee : Power Sector Reforms


  1. Indicate the correct statement

 Early phases of Indian development planning experienced

(A) Export-led growth

(B) Import substitution

(C) Managed float exchange rate

(D) Hefty amount of foreign exchange reserves


  1. First three decades of development planning observed

(A) High growth rate of GDP

(B) Hindu growth rate of GDP

(C) Very high agricultural growth rate

(D) All of the above


  1. India witnessed first a positive trade balance in the

(A) 1970s

(B) 1980s

(C) 1990s

(D) None of the above


  1. In the Indian context, which one of the following pairs is NOT correctly matched?

(A) Tax Evasion : Parallel economy

(B) High-Powered Money : RBI

(C) Female work participation rate : Disinvestment

(D) Liberalization : 1991 Economic Policy


  1. India’s first effort to eradicate poverty was started from

(A) Second Five Year Plan

(B) Fourth Five Year Plan

(C) Fifth Five Year Plan

(D) Sixth Five Year Plan


  1. Which Plan in India is called a plan for managing the transition from a centrally planned economy to a marketed economy?

(A) Fifth Plan

(B) Eight Plan

(C) Sixth Plan

(D) Second Plan



WBCS Main Question Paper – 2021

20. Globalisation of the Indian economy means


(A) stepping up external borrowings.

(B) establishing Indian business units abroad.

(C) having minimum possible restrictions on economic relations with other countries.

(D) giving up programmes of import substitution.


26. The Minimum Needs Programme aims to


(A) provide means for greater mechanization of agriculture.

(B) improve the living condition of the poor and also promote their education and health.

(C) provide necessary resources by way of refinance to primary lenders.

(D) None of the above


58. Which Five-year plan stated the objective of stabilizing the population growth to the central feature of planning?

(A) First Five-year plan

(B) Second Five-year plan

(C) Third Five-year plan

(D) Fourth Five-year plan


71. Who is the Chairperson of NITI Aayog?

(A) Home Minister

(B) Speaker

(C) President

(D) Prime Minister


82. The basic feature of the Rolling Plans was that


(A) Revision of the achievements of previous year.

(B) No physical targets were visualised.

(C) No financial target except in the term of annual plans was envisaged.

(D) Annual fluctuations in prices and major economic developments could be considered while fixing targets.


83. Which Five-year plan focussed on ‘Growth with Social Justice and Equality’?

(A) Sixth Five-year plan

(B) Seventh Five-year plan

(C) Eighth Five-year plan

(D) Ninth Five-year plan


125. Share of direct taxes in India in post economic reform is

(A) increasing

(B) decreasing

(C) can’t say anything

(D) fluctuating


130. Which among the following Industrial Policy Resolution/Statement was based upon the Mahalanobis Model of growth?

(A) Industrial Policy Resolution-1956

(B) Industry Policy Statement-1973

(C) Industrial Policy Statement-1977

(D) None of the above


152. For international payments, the Indian currency is linked to

(A) American Dollar

(B) British Sterling

(C) Gold standard

(D) None of the above


168. Which of the following periods is known as ‘Plan holiday’ in India?

(A) 1966-1969

(B) 1970-1975

(C) 1975-1979

(D) 1980-1985


181. When was the NITI Aayog formed?

(A) 1 January, 2015

(B) 1 January, 2016

(C) 1 January, 2017

(D) 1 January, 2014


184. The basic objectives of Indian planning are

(i) economic growth

(ii) self-reliance

(iii) employment generation

(iv) population growth

(A) (i), (ii) and (iv)

(B) (i), (ii) and (iii)

(C) (ii) and (iii)

(D) (i), (ii), (iii) and (iv)




WBCS Main Question Paper – 2020

103. In the post economic reform period, the tax reform measures implied the following :

(A) Decline in the rates of taxes and reducing evasion

(B) Increase in tax exemption

(C) Increase in the tax rates

(D) Increase in the administrative complexity


109. Indicate the incorrect statement :

        Impact of economic reform was,

(A) unsatisfactory progress of basic capital goods industries.

(B) neglect of agriculture.

(C) increase in security of workers.

(D) growth of unemployment.


112. Abolition of Zamindary system in West Bengal took place in the year

(A) 1951      

(B) 1953      

(C) 1960     

(D) 1961


114. Which one of the following does not come under the economic liberalisation programme ?

(A) Removal of the system of industrial licensing

(B) Reduction of restrictions relating to Monopolies & Restricted Trade Practices (MRTP)

(C) Increase in the import restrictions

(D) Increase in the limit of Foreign Direct Investment


121. Disinvestment of the public sector enterprises took place because of

(A) capacity unutilisation.   

(B) low profitability.   

(C) increased burden of subsidy.    

(D) All of the above


130. Post economic reform witnessed _______

(A) Very high growth of employment in organised sector.

(B) Very low growth in same sector.

(C) Moderate growth.

(D) Jobless growth in organised sector.


131. Privatisation policy under the structural reform does not imply this :

(A) Increase in monopoly power in industrial field.

(B) Decrease in the role of industrial licensing.

(C) Increase in the importance of public sector enterprise.

(D) Both (A) and (B)


133. Public Sector Enterprises (PSE) assumed this role after new economic policy _______

(A) Their importance increased.   

(B) Their importance decreased.   

(C) Neutral.   

(D) Uncertain.


135. During the first two decades of planning foreign exchange position was

(A) very satisfactory      

(B) unsatisfactory     

(C) moderate    

(D) uncertain to state


140. In the pre reform period, monetary, fiscal, and administrative connections for banking activities were

(A) causes of low profitability of commercial banks.

(B) raised profitability of banks.

(C) supported by financial reforms committees.

(D) raised banking efficiency.


141. The new economic policy took this approach toward foreign direct investment ______

(A) Encouragement      

(B) Discouragement      

(C) Neutral     

(D) No change in previous approval


142. Which statement does not apply

        In the pre-reform period public sector enterprises in India witnessed

(A) high inefficiency and subsidy

(B) increased cost of production

(C) high degree of profit

(D) Both (A) and (B)


157. Agriculture budget in the plan period was proportionately high in ______

(A) First plan      

(B) Second plan     

(C) Third plan      

(D) Fourth plan


162. Post 1991 reform measures gave emphasis on______

(A) Import restriction

(B) Import substitution

(C) Import liberalisation and export promotion

(D) Both (A) and (B)


170. First five decades of planning observed,

(lower annual growth rate)

(A) Hindu rate of growth of GDP

(B) High growth of per capita income

(C) Decline in per capita income

(D) High growth of GDP


180. Indicate the statement which is not correct :

        The Industrial Policy 1991 witnessed _______

(A) Abolition of industrial license for majority industries.

(B) Upper limit of foreign investment reduced.

(C) Upper limit of foreign investment raised.

(D) Privatisation of public sector enterprises introduced.


181. The second five year plan gave utmost emphasis on the growth of the following industry :

(A) Consumer goods

(B) Capital goods

(C) Small scale industries and ancillaries

(D) Electronic goods industry


191. Devaluation of Indian currency in 1991 was expected to have this effect :

(1 July 1991)

(A) Decline in exports

(B) Increase in exports

(C) Decline in exports and imports

(D) Increase in imports


193. Which one of the following statements is not true ?

        Mahalanobis strategy of planning implied :


(A) Import substitution

(B) Building of infrastructure and heavy industries

(C) High priority on industrialization

(D) Globalisation of the economy


198. Indicate the correct statement.

        The early phase of Indian planning experienced,

(1st and 2nd Five Year Plan)

(A) Import substitution     

(B) Import liberalization    

(C) Freely floating exchange rate    

(D) Both (B) and (C)




WBCS Main Question Paper – 2019

52. The aim of the Third Five Year Plan (1961 – 66) was
(A) rapid industrialisation.
(B) growth with stability and progress towards self-reliance.
(C) self-reliant and self-generating economy.
(D) removal of poverty and attainment of self-reliance.
53. The now defunct Planning Commission was set up on
(A) March 15, 1950
(B) August 6, 1952
(C) September 1, 1951
(D) None of the above
54. Planning Commission has been scrapped on
(A) January 1, 2015
(B) August 13, 2014
(C) January 22, 2015
(D) July 2, 2015
55. ‘Planned Economy for India’- The book was written by
(A) Sir M. Visvesvarayya
(B) JL. Nehru
(C) SN Agarwal
(D) M.N. Roy
61. Consider the following statements:
(i) Economic Advisory Council to the Prime Minister is a non-constitutional, permanent and independent body.
(ii) It advises the Prime Minister on whole heart of economic issues like inflation, microfinance, industrial output etc.
Which of the above statement(s) is/are correct?
(A) (i) only
(B) (ii) only
(C) Both (i) and (ii)
(D) None of the above
63. Which authority is entrusted with the task of overseeing implementation of Sustainable Development Goals in India?
(A) NITI Aayog
(C) Cabinet
(D) None of the above


WBCS Main Question Paper – 2018

22. The Government of India has established NITI Ayog to replace the
a) Human Rights Commission
b) Finance Commission
c) Law Commissions
d) Planning Commission
177. National Rural Development Institute is situated at
a) Delhi
b) Shimla
c) Hyderabad
d) Mumbai
181. In context of India’s five year plans, a shift in pattern of industrialization with lower emphasis on heavy industries and more on infrastructure begin in
a) Fourth Plan
b) Fifth Plan
c) Eight Plan
d) Nineth Plan
187. Which one of the following is NOT correct?
a) First Five Year Plan : 1951-1956
b) Second Five Year Plan : 1956-1961
c) Third Five Year Plan : 1961-1966
d) Fourth Five Year Plan : 1966-1971
188. Which among the following Industrial Policy Resolution/Statement was based upon the Mahalanobis Model of growth?
a) Industrial Policy Resolution – 1956
b) industry Policy Statement – 1973
c) Industrial Policy Statement – 1977
d) None of the above
193. In context of India’s five year plans, in which plan was the growth rate target exceeded?
a) First plan
b) Fifth plan
c) Sixth plan
d) None of the above



WBCS Main Question Paper – 2017

131. In which of the Five Year Plan, the weaker sections of the society got priority ?
(A) 5th      
(B) 4th      
(C) 3rd      
(D) None of the above
132. During which Five Year Plan was the total expenditure on agriculture the highest ?
(A) 1st       
(B) 2nd        
(C) 3rd
(D) 4th
133. What is the duration of the revised 6th National Development Plan ?
(A) 1974-79       
(B) 1978-83       
(C) 1980-85
(D) 2013-16
134. Success of 4th plan was obstructed by
(A) problem of Bengal refugees     
(B) war with Pakistan     
(C) poor monsoon      
(D) All of the above
135. During which Five year plan did prices show a decline ?
(A) 1st       
(B) 3rd       
(C) 5th       
(D) 6th
137. A rolling plan is a plan for
(A) one year
(B) two years        
(C) three years      
(D) five years
149. Which five year plan focused on ‘growth with social justice and equity’ ?
(A) Ninth Five Year Plan    
(B) Eighth Five Year Plan    
(C) Seventh Five Year Plan     
(D) Sixth Five Year Plan
150. First five year plan was based on
(A) Harrod – Domar model
(B) P. C. Mahalanobis model     
(C) Both of the above    
(D) None of the above
161. The objective of the National Rural Employment Guarantee Act, 2005 is
(A) enhance the livelihood & security of rural people by generating wage employment through works that develop infrastructure base of that area
(B) to provide financial assistance and technical advice for generation of employment in rural areas
(C) to impart new technical skill and upgrade the traditional skill of rural people
(D) to generate employment in health, primary education, drinking water, housing and rural roads in rural areas
169. From which country India adopted the Five Year Plans ?
(B) USA     
(C) Australia     
(D) Germany

174. Which Five-Year-Plan was terminated before the completion of its period ?
(A) Fifth
(B) Sixth      
(C) Seventh      
(D) Eighth
176. Which of the following statement is not correct about INDIA VISION 2020 ?
(A) It expects elimination of poverty, unemployment and illiteracy by 2020
(B) It expects that India’s per capita income will get down by 2020
(C) Environment situation will remain as unbalanced as today
(D) It was designed by Dr. Sam Pitroda
181. In India, the concepts of ‘minimum needs’ and ‘anti-poverty programmes’ were the innovations of
(A) Fourth Five Year Plan     
(B) Fifth Five Year Plan
(C) Sixth Five Year Plan     
(D) Eighth Five Year Plan
183. For internal financing of Five Year Plans, the government depends on
(A) taxation only
(B) public borrowing and deficit financing
(C) taxation and public borrowing
(D) taxation, public borrowing and deficit financing
184. In the context of India’s Five Year Plans, a shift in the pattern of industrialisation, with lower emphasis on heavy industries and more on infrastructure begins in
(A) Tenth Plan      
(B) Eighth Plan       
(C) Sixth Plan
(D) Fourth Plan
185. Which of the following indicate economic growth through Five Year Plans ?
(A) Rise in national income and per capita income
(B) Development of railways and roadways
(C) Development of education and health services
(D) Development of industrial towns and industrial estates
187. The basic feature of the Rolling Plans was that
(A) revision of the achievement of previous year
(B) no physical target were visualised
(C) no financial target except in the term of annual plans was envisaged
(D) annual fluctuations in prices and major economic developments could be considered while fixing target
189. In which one of the following Five Year Plans the actual growth performance in India in respect of GDP (at factor cost) was less than the target set ?
(A) Sixth Five Year Plan     
(B) Seventh Five Year Plan    
(C) Eighth Five Year Plan     
(D) Ninth Five Year Plan
190. India’s economic planning cannot be said to be
(A) Indicative       
(B) imperative     
(C) limited     
(D) democratic
113. When, for the first time, did the Prime Minister of India announce the 20-point Economic Programme ?
(A) 1973       
(B) 1974
(C) 1975
(D) 1976
125. Which of the following sector is not covered under the Bharat Nirman Programme ?
(irrigation, roads, housing, water supply, electrification)
(A) Health & Nutrition
(B) Irrigation     
(C) Road     
(D) Housing
142. Abid Hussain Committee is related to
(A) reform in taxes
(B) reform in government projects
(C) reform in small industries
(D) reform in middle level industries


WBCS Main Question Paper – 2016

89. What is the main objective of the 12th Five year Plan ?
(A) Faster and inclusive growth
(B) Faster and sustainable growth
(C) Inclusive and sustainable growth
(D) Faster, sustainable and more inclusive growth
86. Operation Barga in West Bengal was introduced in-
(A) 1977       
(B) 1978        
(C) 1979       
(D) 1980
97. Which of the following was included as part of the land reforms initiated in India ?
(A) Abolition of intermediaries
(B) Tenancy reforms
(C) Reorganization of agriculture
(D) All of the above
135. What is the estimated rate of growth in the second year of the 12th Five Year Plan of India ?
(A) 4.7 per cent       
(B) 4.9 per cent        
(C) 4.5 per tent       
(D) 4.3 per cent
136. Which of the following was not an objective of the 1956 industrial policy ?
(A) Development of co-operative sector
(B) Expansion of public sector
(C) Develop heavy and machine making industries
(D) None of the above
142. The Second Five Year Plan of India gave special emphasis on-
(A) Labour intensive industries
(B) Heavy and capital goods industries
(C) Consumer goods industries
(D) Small scale and cottage industries
143. The ceiling on foreign investment was revised in the Industrial Policy 1991 from 40 per cent to-
(A) 49 per cent       
(B) 50 per cent       
(C) 51 per cent       
(D) 52 per cent
148. When was the Infrastructure Development Finance Company constituted ?
(A) During the Eighth Five Year Plan
(B) During the Ninth Five Year Plan
(C) During the Tenth Five Year Plan
(D) During the Seventh Five Year Plan
151. What has been the average rate of increase in agricultural production in the Eleventh Five Year Plan ?
(A) 3%        
(B) 4%       
(C) 4.1%        
(D) 3.7%
154. In which among the following years a new ‘Liberalized Industrial Policy’ in India was announced for the first time ?
(A) 1986         
(B) 1991       
(C) 1992       
(D) 1993

155. The Industrial Policy of India was first announced in-
(A) 1948     (6th April) 
(B) 1936         
(C) 1991       
(D) 1990
159. “Twenty point programme” was launched in the year
(A) 1969         
(B) 1975        
(C) 1977       
(D) 1980
163. Rapid industrialisation is the basic objective of –
(A) Second Five Year Plan         
(B) Third Five Year Plan
(C) Fourth Five Year Plan         
(D) Fifth Five Year Plan
166. India’s economic crisis in 1991 was mainly the outcome of the following –
(A) Acute Fiscal deficit crisis
(B) Balance of Payments crisis
(C) High rate of inflation
(D) All of the above
172. In India the concept of ‘minimum needs’ and ‘directed antipoverty programmes’ were innovation of-
(A) Fourth Five Year Plan        
(B) Fifth Five Year Plan
(C) Sixth Five Year Plan         
(D) Seventh Five Year Plan
185. Which of the following planning is executed at the grass root level ?
(A) Centralised planning      
(B) Decentralised planning      
(C) Fixed planning    
(D) Imperative planning
190. In the First Five Year Plan of India, priority was given to –
(A) Food and agricultural
(B) Industrial production
(C) Reducing unemployment
(D) None of the above
196. National Food Security Mission was introduced in the –
(A) Tenth Five Year Plan
(B) Eleventh Five Year Plan
(C) Twelfth Five Year Plan 
(D) Ninth Five Year Plan
160. New National Food Security Mission (NFSM) with an expenditure of Rs. 4882 crore in the 11th plan aims at ensuring adequate supply of –
(A) rice, cereals, pulses        
(B) wheat, cereals, pulses
(C) rice, wheat, pulses        
(D) rice, cereals, wheat



WBCS Main Question Paper – 2015

102.  Which of the statements is not correct
(A) National Food Security Mission was launched in 2007-2008
(B) It (NFSM) aimed at increase in production of rice, wheat and pulses
(C) The basic strategy is to promote and extend improved technologies
(D) It did not lay emphasis on soil management
114.  Integrated Rural Development Programme (IRDP) came during
(A) Fourth plan         
(B) Fifth plan        
(C) Sixth plan       
(D) Rolling plan
115.  The strategy of direct attack on poverty was taken in this plan
(A) Plan four        
(B) Plan five       
(C) Plan six
(D) Plan nine
116.  Attitude of Industrial Policy 1991 toward foreign direct investment was one of
(A) Total rejection             
(B) Increase in the share of FDI
(C) Decrease in the share of FDI       
(D) None of the above
118.  India suffered serious foreign exchange crisis in this year
(A) 1989       
(B) 1990        
(C) 1991
(D) 1995
120.  Disinvestment of PSE-s was required because of this
(A) Increase in competitiveness        
(B) Increasing subsidy
(C) Increase in capacity unutilisation         
(D) All of the above
121.  Consider the following :
1. Growing public sector was emphasized in first eighth plans
2. Planning in India derives its objectives and social premises from the Directive Principles of State Policy
3. The Planning Commission was set-up in March, 1952 by a Resolution of the Government of India
(A) 1 & 3 are true      
(B) 2 & 3 are true       
(C) 1 & 2 are true
(D) All are true
122.  Consider the following statement
1. Niti Aayog is a policy think tank
2. It aims at greater participation in the economic policy by the State Governments
3. First meeting of the Aayog was held on 18th February, 2015
(A) 1 & 2 are true
(B) 1, 2 & 3 are true       
(C) 2 & 3 are true       
(D) 1 is true
123.  Consider the following statement
1. The Ninth Plan was launched in the fiftieth year of India’s independence
2. It lay emphasis on five basic minimum needs
3. It achieved a growth rate of 5.5 per cent per annum in GDP
(A) 1 & 3 are true       
(B) 1 & 2 are true      
(C) 2 & 3 are true      
(D) All of the above are true
124.  The Eighth Plan could not take off in 1990 due to
(A) Extreme financial crisis       
(B) Fast changing political situation
(C) The concept of Annual Plan was brought in       
(D) Planning Commission advised so

125.  The National Urban Transport Policy has the following focus-
(A) Move fast       
(B) Move people not vehicle
(C) Reduction in public transport        
(D) Discouraging non-motorised modes of travel
138.  The second meeting of the Governing Council of NITI Aayog emphasized on :
(A) Eradication of poverty         
(B) State units should be the focus of all development efforts
(C) Clearance of all pending projects       
(D) (A) & (B)
139.  The basic thrust of two Annual Plans, 1990-91 and 1991-92 are
(A) Maximisation of employment           
(B) Ensuring social transformations
(C) Securing self-sustaining growth       
(D) (A) & (B) both
140.  Consider the following statements :
1. The tenth Five Year Plan (2002-07) was approved by NDC in December, 2002
2. The plan aimed at creating 50 million job opportunities
3. It recognizes that Governance is one of the most important factors for realizing the objectives of the plan
(A) 1 & 2 are true        
(B) 2 & 3 are true       
(C) 1 & 3 are false       
(D) All are true
141.  Find the incorrect statement.
         Structural adjustment implies this
(A) Increasing import restriction
(B) Import liberalization
(C) Opening domestic market to free trade      
(D) Bringing flexible exchange rate
146.  Development of basic capital goods industries took place during –
(A) First plan        
(B) Second plan
(C) Sixth plan       
(D) Eighth plan
149.  First two decades of planning witnessed foreign exchange position to be
(A) Very satisfactory        
(B) Unsatisfactory
(C) Moderate     
(D) None applies
150.  Early phase of Indian planning experience observed this.
(A) Import substitution
(B) Free trade regime      
(C) Import liberalization      
(D) Both (B) and (C)
151.  Which one of the following does not come under liberalization programme ?
(A) Removal of Industrial licensing        
(B) Reservation of small scale industries items
(C) Reduction in MRTP restrictions         
(D) Increasing limit of foreign direct investment
152.  Zamindary abolition in West Bengal came in this year
(West Bengal estate acquisition act 1953)
(A) 1951        
(B) 1953
(C) 1960        
(D) 1961

155.  Devaluation of Indian currency in 1991 was required to bring
(A) Increase in Imports       
(B) Decrease in Exports       
(C) Increase in Exports
(D) Both Exports and Imports to fall
156.  The first Industrial policy in India was introduced in the year
(A) 1947         
(B) 1948      (6th April) 
(C) 1950       
(D) 1951
159.  Freight equalisation policy affected industrial development in West Bengal in the following way
(A) Beneficially       
(B) Adversely
(C) Neutrally      
(D) None applies
175.  Industrial Reforms Policy took this approach to monopolies
(A) Remove MRTP restrictions
(B) Tighten such restrictions
(C) Neutral attitude       
(D) Partly regulate the monopolies
176.  Number of public sector enterprise (PSE) under New Economic Policy
(A) Increased        
(B) Decreased
(C) Remained same       
(D) First increased then decreased
191.  Find out the incorrect statement
Chelliah Committee recommended regarding tax reforms –
(A) To simplify rules of tax      
(B) To reduce rate of income tax
(C) To raise the rate of customs duties      
(D) Both (A) and (B)
197.  Economic reforms policy gives utmost emphasis on
(A) Import restriction       
(B) Export promotion and import liberalisation
(C) Import substitution      
(D) None applies
200.  Trickle down process in India has become
(A) Successful highly in generating all round growth      
(B) Not at all successful
(C) Partly successful       
(D) Uncertain


WBCS Main Question Paper – 2014

19.  The first Five Year Plan in India was launched in the year :
(A) 1951
(B) 1949       
(C) 1953       
(D) 1947
42.  The Planning Commission was set up :
(A) Under the Government of India Act, 1935
(B) as per the provisions of the Constitution of India
(C) by a Cabinet resolution
(D) as per the recommendations of the National Development Council
77.  In LERMS (Liberalisation Exchange Rate Management System) –
(A) 60% of Foreign currency holding was permitted to be converted on the market rate, whereas remaining 40% on official rate
(B) 40% on Market rate and 60% on official rate
(C) 100% on official rate
(D) None of the above
78.  The time period for the 7th Five Year Plan was –
(A) 1986-91        
(B) 1985-90
(C) 1980-85      
(D) 1991-96
82.  The outline of second Five Year Plan was made by –
(A) B.N. Gadgil       
(B) V.K.R. V. Rao        
(C) P. C. Mahalanabish
(D) C. K. Vakil
84.  Growth with Equity and Distributive Justice was the main objective in
(A) 7th Five Year plan      
(B) 8th Five Year plan       
(C) 9th Five Year plan
(D) 11th Five Year plan
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