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RRB NTPC Indian Economy — practice questions

Explore 74 free Indian Economy questions in RRB NTPC Economy. Open each question or exercise to read its content, reference answers and available explanation.

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Indian Economy questions and exercises with answers

Showing questions 1–30 of 74.

Who presented India's First Five-Year Plan to Parliament?Read the answer and worked solution →In which year was India's First Five-Year Plan launched?Read the answer and worked solution →The First Five-Year Plan of India was modified from which growth model?Read the answer and worked solution →Which sector did the First Five-Year Plan mainly focus on?Read the answer and worked solution →Which body was set up to fund higher education by 1956?Read the answer and worked solution →What annual GDP growth rate did the First Plan target?Read the answer and worked solution →Which economic model guided the Second Five-Year Plan?Read the answer and worked solution →Which steel plant was set up during the Second Five-Year Plan?Read the answer and worked solution →Which economist criticised the Second Plan's deficit financing for heavy industry?Read the answer and worked solution →Which 1962 event exposed weaknesses and shifted the Third Plan towards defence?Read the answer and worked solution →The Third Plan achieved what actual growth rate against a 5.6% target?Read the answer and worked solution →How many annual plans were drawn up during the plan holidays of 1966 to 1969?Read the answer and worked solution →The Fourth Five-Year Plan was based on which formula?Read the answer and worked solution →How many major banks were nationalised during the Fourth Plan period?Read the answer and worked solution →Which programme was launched in the Fourth Plan to help dry regions?Read the answer and worked solution →Which slogan is linked with the Fifth Five-Year Plan?Read the answer and worked solution →In which year was the Twenty-Point Programme launched?Read the answer and worked solution →Which government rejected the Fifth Plan in 1978?Read the answer and worked solution →Which scheme began in 1974 to meet basic needs of people?Read the answer and worked solution →Which government introduced a new Sixth Plan for 1978 to 1980?Read the answer and worked solution →On what date was NABARD established under the Sixth Plan?Read the answer and worked solution →Which committee's recommendation led to the creation of NABARD?Read the answer and worked solution →What growth did the Sixth Plan achieve against a 5.2% target?Read the answer and worked solution →The Seventh Plan laid stress on raising industrial productivity by doing what?Read the answer and worked solution →The Seventh Plan beat its 5.0% target with an actual growth of about what?Read the answer and worked solution →What share of the Eighth Plan outlay was given to energy?Read the answer and worked solution →Which leader implemented the first Five-Year Plan in the Soviet Union in 1928?Read the answer and worked solution →Which Article divides taxation powers between Parliament and states?Read the answer and worked solution →How many lists does Schedule VII use to divide subject matters?Read the answer and worked solution →In which year was the Wealth Tax Act, 1957 repealed?Read the answer and worked solution →

Worked practice questions

Who presented India's First Five-Year Plan to Parliament?

  1. Rajendra Prasad
  2. Lal Bahadur Shastri
  3. Vallabhbhai Patel
  4. Jawaharlal Nehru
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Correct answer: D. Jawaharlal Nehru

Prime Minister Nehru placed the First Five-Year Plan before Parliament after independence.

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In which year was India's First Five-Year Plan launched?

  1. 1947
  2. 1961
  3. 1956
  4. 1951
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Correct answer: D. 1951

The plan started in 1951 and ran to 1956.

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The First Five-Year Plan of India was modified from which growth model?

  1. Mahalanobis model
  2. Gadgil formula
  3. Rostow model
  4. Harrod–Domar model
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Correct answer: D. Harrod–Domar model

The first plan used the Harrod–Domar model with a few modifications.

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