Developing Economies & Planning

JKSSB Panchayat Account 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 RBI Governor
  3. The President
  4. The Finance Minister
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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. Licensing, Planning and Growth under the five-year plans
  2. Land, Production and Government as the three pillars of the economy
  3. Liquidity, Pricing and Governance of the financial system
  4. Liberalisation, Privatisation and Globalisation
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Answer: D. The 1991 reforms reduced licensing controls, opened sectors to private firms and integrated India with the world economy.

Sample Hard question 3

The Twelfth (last) Five-Year Plan of India covered the period:

  1. 2015–2020
  2. 2012–2017
  3. 2007–2012
  4. 2010–2015
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Answer: B. The Twelfth Plan ran from 2012 to 2017; five-year plans were discontinued after it.

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