Question 1

The forword to India's 1st Five Year Plan was written by:

Accepted Answer

A)  v.k.r.v.rao
B)  ambedkar
C)  k.n.raj
D)  c.n.vakil C

Question 2

Dadabhai Naroji attributed poverty of India to

Accepted Answer

A)  over population
B)  scarcity of capital
C)  british rule
D)  none of the above C

Question 3

Ambedkar's idea of ------ is based on a unique blend of Marxism and Budhism.

Accepted Answer

A)  gandhism
B)  state capitalism
C)  anarchy
D)  state socialism D

Question 4

Who among the following computed India's balance of payment for the first time for Reserve Bank of India:

Accepted Answer

A)  k.n.raj
B)  c.n.vakil
C)  p.r.brahmananda
D)  ambedkar

Question 5

The chief architect of Indi's second five year Plan was:

Accepted Answer

A)  gandhiji
B)  harrod domar
C)  p.c.mahalanobis
D)  dadabai naoroji

Question 6

The most prominent representative of supply side economics was :

Accepted Answer

A)  keynes
B)  arthur laffer
C)  richard hey
D)  a.c. pigou

Question 7

The most important contribution of Mahalanobis is related to :

Accepted Answer

A)  the design of large scale surveys
B)  the design of a plan strategy
C)  the starting of a journal
D)  none of the above

Question 8

------ is regarded as the chief architect of Indian constitution.

Accepted Answer

A)  nehru
B)  gandhi
C)  ambedkar
D)  rajagopalachari

Question 9

The world witnessed a great depression during -

Accepted Answer

A)  1929-33
B)  1939-43
C)  1919-23
D)  1911-16

Question 10

The formula adopted for distribution of Plan assistance during 4th and th Plan was:

Accepted Answer

A)  gadgil formula
B)  modified gadgil formula
C)  mahalanobis formula
D)  none of the above

Question 11

The wage good model was developed by

Accepted Answer

A)  mahalanobis
B)  naoroji
C)  c.n.vakil and p.r.brahmananda
D)  gandhiji

Question 12

Ambedkar's idea of state socialism is based on the unique blend of

Accepted Answer

A)  marxism and buddhism
B)  buddhism and gandhism
C)  marxism and gandhism
D)  all the above

Question 13

The Drain Theory is associated with the name of

Accepted Answer

A)  kautilya
B)  gandhiji
C)  dadabhai naroji
D)  ranade

Question 14

Amartya Sen was awarded Nobel Prize in Economics for his contribution to

Accepted Answer

A)  welfare economicsand social choice theory
B)  welfare economics and development economics
C)  welfare economics and inequality
D)  none of these

Question 15

Dadabhai Noaroji attributed external drain to:

Accepted Answer

A)  unrequired exports and no equivalent imports
B)  unrequired imports and no equivalent exports
C)  unrequired exports and equivalent imports
D)  all the above

Question 16

The ---- theory is associated with the name of Dadabai Naoroji.

Accepted Answer

A)  demonstration
B)  drain
C)  surplus value
D)  pocwery

Question 17

Ambedkar was a champion of

Accepted Answer

A)  capitalism
B)  socialism
C)  mixed economy
D)  state socialism

Question 18

V.K.R.V. Rao is remembered for his contribution on:

Accepted Answer

A)  national income of india
B)  deficit financing
C)  capital formation
D)  economic development

Question 19

Mahalanobis aimed at the economic development of India through

Accepted Answer

A)  agricultural development
B)  industrial development
C)  both agricultural and industrial development
D)  none of the above

Question 20

Dadabai Naoroji attributed ----- of India to British rule.

Accepted Answer

A)  independence
B)  poverty
C)  unemployment
D)  mortality

Exam 3: Important Figures and Concepts in Indian Economics