Topic-2
Economy
Introduction of Economics
1. What are the three indicators of the Human Development Index ?
· Life Expectancy at Birth
· Mean Years of Schooling
· Gross National Income Per Capita
2. What are the constituents of the Happy Planet Index introduced by the New Economics Foundation ?- Index of Human Well Being and Ecological Impact
3. Who has given the Gross National Happiness Index ?- Bhutan’s King Jigme Singye Wangchuk
4. Gender Development Index is the part of which report ?- Human Development Report
5. What is the rank of India for the Gender Inequality Index for the year 2019 ?- 129 out of 189 Countries
6. What are the indicators of the Gender Inequality Index :
· Maternal Mortality Ratio
· Adolescent Fertility Ratio
· Educational Attainment (Secondary Level and above )
· Parliamentary Representation
· Labour Force Participation
7. In which year Planning Commission was set up ?- 1950 AD
8. Who was the first Chairman of the Planning Commission ?- Jawaharlal Nehru
9. In which year Planning Commission was dissolved ?- 2014 AD
10. Which institute replaced the Planning Commission in India ?- NITI (National Institution for Transforming India ) Aayog
11. Who is the Vice Chairperson of NITI Aayog ?- Rajiv Kumar
12. Who is the CEO of the NITI Aayog ?- Amitabh Kant
13. The National Development Council was formed in which year ? -1952 AD
14. Which body has replaced the National Development Council ?- The Governing Council of the NITI Aayog
15. What is the status of the NITI Aayog ?- Extra-Constitutional and Non-Statutory Body
16. What is the full form of LPG ?- Liberalisation , Privatisation and Globalisation
17. Who was responsible for the launch of LPG ?- Prime Minister – P.V. Narsimha Rao , Finance Minister – Dr. Manmohan Singh
18. What is the full form of PURA ?- Provision of Urban Amenities in Rural Area
19. The strategy of PURA was given by whom ?- Dr. A.P.J. Abdul Kalam
20. What was the time period First Five Year Plan ?- 1951-56 AD
21. What was the priority of the First Five Year Plan ?- Agriculture
22. What was the time period Second Five Year Plan ?- 1956-61 AD
23. What was the priority of the Second Five Year Plan ?- Industrialization
24. Which plan was the part of the Second Five Year Plan ?- Nehru-Mahalanobis Plan
25. Name the steel plants that have been established during the Second Five Year Plan :
· Durgapur –United Kingdom
· Bhilai –United Soviet Socialist Republic
· Rourkela – Western Germany
26. What was the time period Third Five Year Plan ?- 1961-1966 AD
27. What was the priority of the Third Five Year Plan ?- Self Reliant and Self-Generating Economy
28. Which plan was the part of the Third Five Year Plan ?- Gadgil Yojana
29. Which major developments occurred during the Third Five Year Plan ?-
· Indo-China War of 1962
· Indo-Pakistan War of 1965
29. What was the time period of the plan holiday ?- 1966-1969 AD
30. Which kind of plan were passed during the plan holiday ?- Annual Plan
31. What was the time period Fourth Five Year Plan ?- 1969-1974 AD
32. Which major development occurred during the Fourth Five Year Plan ?-
· Green Revolution
· Bangladesh War 1971
· Oil Crisis of 1972-1973
33. What was the time period Fifth Five Year Plan ?- 1974-1979 AD
34. Which major slogan was given during the Fifth Five Year Plan ?- Garibi Hatao
35. Which major program was introduced during the Fifth Five Year Plan ?- Minimum Needs Program
36. Which government brought the second Annual Plan ?- Morarji Desai Government
37. What was the time period of the Second Annual Plan (Plan Holiday ) ?- 1979-1980 AD
38. What was the time period Sixth Five Year Plan ?-1980-1985 AD
39. What was the time period Seventh Five Year Plan ?- 1985-1990 AD
40. What was the Hindu Growth Rate between 1950’s to 1980’s ?- 3.5 %
41. What was the time period of the Third Annual Plan (Plan Holiday ) ?- 1990-1992 AD
42. What was the time period Eighth Five Year Plan ?-1992-1997 AD
43. During Eighth Five Year Plan which major economic development took place ?- Economic Reforms after the Liberalisation Policy of 1991 AD
44. Which model was the part of the Eighth Five Year Plan ?- Rao-Manmohan Singh Model. First Indicative Plan was launched during this period.
45. What was the time period Ninth Five Year Plan ?-1997-2002 AD
46. What was the priority of the Ninth Five Year Plan ?- Growth with Social Justice and Equity
47. What was the time period Tenth Five Year Plan ?- 2002-2007 AD
48. What is the full form of the ICOR ?- Incremental Capital Output Ratio
49. What was the time period Eleventh Five Year Plan ?- 2007-2012 AD
50. What was the priority of the Eleventh Five Year Plan ?- Inclusive Growth