Developing Economies & Planning

JKSSB Finance Accounts Assistant · General Economics · 16 practice questions with answers and explanations: 3 Easy, 6 Medium, 7 Hard.

Sample questions

Sample Easy question 1

Who is the ex officio chairperson of NITI Aayog?

  1. The Prime Minister
  2. The President
  3. The Finance Minister
  4. The RBI Governor
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Answer: A. The Prime Minister chairs NITI Aayog; day-to-day work is led by its Vice-Chairperson and CEO.

Sample Medium question 2

In the 1991 economic reforms, 'LPG' stands for:

  1. Liberalisation, Privatisation and Globalisation
  2. Licensing, Planning and Growth
  3. Liquidity, Pricing and Governance
  4. Land, Production and Government
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Answer: A. The 1991 reforms reduced licensing controls, opened sectors to private firms and integrated India with the world economy.

Sample Hard question 3

What is a common structural problem faced by many developing economies?

  1. Heavy dependence on agriculture with low productivity
  2. Excess industrial capacity everywhere
  3. Zero unemployment
  4. Complete absence of a rural sector
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Answer: A. Many developing economies rely heavily on low-productivity agriculture, limiting overall growth.

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