Q2.Mahatma Gandhi National Rural Employment Guarantee Scheme was launched initially in:
(a) 100 Districts
(b) 200 Districts
(c) 330 Districts
(d) All the Districts
Q3.The Reserve Bank of India issues currency notes under the—
(A) Fixed fiduciary system
(B) Maximum fiduciary system
(C) Fixed minimum reserve system
(D) Proportional reserve system
Q4.National Rural Health Mission (NRHM) was launched in the year:
Q5.Which of the following is/are not fixed costs?
(a) Rent on land
(b) Municipal taxes
(c) Wages paid to workers
(d) Insurance charges
Q6.The concept of mixed economy means—
(a) To have balanced development in the agricultural and industrial sector
(b) Simultaneous development of the rural and urban sector
(c) To have equal distribution of wealth among the rural and the urban poor
(d) Simultaneous existence of the private and public sector
Q7. The law of scarcity:
(a) does not apply to rich, developed countries.
(b) applies only to the less developed countries.
(c) implies that consumers’ wants will be satisfied in a socialistic system.
(d) implies that consumers wants will never be completely satisfied.
Q8. Who expressed the view that “Economics is neutral between ends”?
(d) Adam Smith
Q9. Which one of the following plans is also known as ‘Gadgil Yojana’?
(a) Third Five Year Plan
(b) Fourth Five Year Plan
(c) Fifth Five Year Plan
(d) Sixth Five Year Plan
Q10. Which one of the following was the first Chairman of Planning Commission of India?
(a) Dr. Rajendra Prasad
(b) Pt. Jawaharlal Nehru
(c) Sardar Vallabhbhai Patel
(d) J.B. Kriplani