CDS Indian Economy 1

Question 1

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

Accepted Answer

Second Five-Year Plan

Answer

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

Question 2

The Reserve Bank of India was nationalised in which year?

Accepted Answer

1949

Answer

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

Question 3

What does the term 'NIFTY 50' refer to?

Accepted Answer

Benchmark stock market index of the National Stock Exchange

Answer

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

Question 4

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

Accepted Answer

Ministry of Finance

Answer

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

Question 5

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

Accepted Answer

Rice and Wheat

Answer

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

CDS - Combined Defence Services