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Indian Economy Flashcards

7 cards from real CDS practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 7 Indian Economy flashcards as text

  1. Which Five-Year Plan in India gave priority to heavy industries and was based on the Mahalanobis model?

    Answer: Second Five-Year Plan

    The Second Five-Year Plan (1956–1961) was based on P.C. Mahalanobis's model and emphasised the development of heavy industries.

  2. The Reserve Bank of India was nationalised in which year?

    Answer: 1949

    The Reserve Bank of India was established in 1935 but was nationalised on 1 January 1949 after independence.

  3. What does the term 'NIFTY 50' refer to?

    Answer: Benchmark stock market index of the National Stock Exchange

    NIFTY 50 is the benchmark broad-based stock market index of the National Stock Exchange of India comprising 50 actively traded stocks.

  4. Which body in India is responsible for preparing the Union Budget?

    Answer: Ministry of Finance

    The Union Budget is prepared by the Department of Economic Affairs under the Ministry of Finance, Government of India.

  5. The Green Revolution in India during the 1960s primarily benefited which crop?

    Answer: Rice and Wheat

    The Green Revolution primarily transformed production of rice and wheat through high-yielding variety seeds, irrigation, and fertilisers.

  6. What is the full form of GDP?

    Answer: Gross Domestic Product

    GDP stands for Gross Domestic Product, which measures the total monetary value of all goods and services produced within a country in a specific period.

  7. Which sector is the largest employer in India?

    Answer: Agricultural sector

    The agricultural sector employs the largest share of India's workforce, accounting for roughly 42–45% of total employment.

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