2. The Planning commission was set up in India in --------
(a) 1950
(b) 1951 (c) 1947 (d) 1952

3. Who is the President of National Development Council ?
(a) Finance Minister
(b) Prime Minister (c) Monteng sing Aluvalia (d) None

4. The intervening period between third and forth Five year plans is regarded
as ---
(a) Plan period (b) Plan holidays (c ) Plan days (c) None of these

5. Which Govt. introduced the concept of ‘ Rolling Plan’
(a) Manmohan govt.
(b) Vajpayee (c) Janatha Govt. (d) Rao Govt.

6. From which five year plan ‘growth with social justice’ has received added
emphasis?
(a) 5th (b) 4th (c ) 3rd (d) 6th

7. Which sector got priority in the 1st five year plan?
(a) Agriculture
(b) Industrial (c) Infrastructure (d) Communication

8. GAAT was born in the year--------------
(a) 1948
(b)1945 (c) 1947 (d) 1950

9. What was the predecessor of WTO?
(a) GAAT
(b) IMF (c) ADB (d) None of the above

10. In which year WTO was formulated ?
(a) 1995
(b) 1948 (c )1991 (d) 1988

1. FEMA was passed in the year ---
(a) 1999
(b) 1989 (c) 2000 (d) 1997

2. ----------refers to regulation of credit for specific purpose or branches of
economic activity?
(a) Credit control (b) Selective Control (c) Bank control (d) None of these

3. ---------is the difference between the market value of security and the
amount lent by the Bank?
(a) Loan amount (b) Margin of safety (c ) Margin (d) None of these

4. The quota system was first introduced in the year?
(a) 1955
(b) 1960 (c) 1949 (d) 1952

5. PLR stands for
(a) Prime ministers Land Recovery
(b) Prime Lending Rate (c) Price Leverage Rate (d) None of these

6. The policy of govt. related to Export and Import is:
(a) IMEX policy
(b) EXIM policy (c) Export policy (d) None of these

7. SEZ stands for ----
(a) Special Economic Zone
(b) Special Export Zone (c) Socially Backward Zone (d) None

8. ------- is an Act to control and regulate the concentration of economic power
to the common detriment?
(a) IRDA Act (b) MRTP (c) ILO Act (d) FERA

9. Consumer Protection Act was came in to force-------
(a) 1985
(b) 1986 (c) 1999 (d) 1989

10. --------consist of economic conditions ,economic policies, industrial policies
and economic system:
(a) Business environment (b) Economic Environment (c) Natural Environment (d) None