Very Important Q&A of Indian Economy

 1. What is the vision paper prepared by the Planning Commission with the aim of making India a developed nation by 2020?  – India Vision-2020

 2. Who is called the forerunner of liberalization of Indian economy?  - Dr.  Manmohan Singh

 3. When was the first five year plan started in India?  – April 1, 1951

 4. What are the words 'bull' and 'beer' related to?  - from the stock market

 5. What was the objective of 'Antyodaya' programme?  - Helping the poorest of the poor

 6. Which index has been considered as the basis for estimating poverty in rural areas?  – Consumer Price Index of Agricultural Workers

 7. With whom is the Bharat Nirman Yojana related?  - settlement development

 8. In which state the maximum number of scheduled tribes reside?  - Madhya Pradesh

 9. Which deficit contributes the most to the total budget deficit of the Government of India?  - primary deficit

 10. Which sector was given the highest priority in the first five year plan?  - Agriculture

 11. Which is the largest nationalized enterprise in India at present?  - Indian Railways

 12. What is meant by budget deficit?  Difference between total receipts and total expenditure

 13. When was the Reserve Bank of India established?  – April 1, 1935

 14. In case of an inverse balance of payments, which step will be helpful in rectifying the situation?  - devaluation

 15. What is the main form of unemployment found in rural areas of India?  - disguised

 16. Under which crop is the maximum agricultural land in India?  - Rice

 17. Which sector contributes the most to the national income of India?  - manufacturing sector

 18. Which plan is considered the most unsuccessful plan of India in the history of five year plans?  – third

 19. Who is the ex-officio chairman of the National Development Council?  - prime minister

 20. What is the basis for determining the dearness allowance of employees in India?  - consumer price Index

 21. Development of which sector was given maximum emphasis in the Second Five Year Plan?  - Industry

 22. In which economy, what is the relationship between the value of money and the price level?  - inverse

 23. What is the rank of India in the world in egg production?  - third

 24. Under the tenth five year plan, the target of what percent annual growth rate was set?  – 8%

 25. In which area is disguised unemployment commonly seen in India?  - agricultural sector