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Indian EconomyEasyAsked in: CDS · CDS-II 2023, GK

What does India's "Blue growth" refer to ?

  1. A.Upgradation of Indian Air Force
  2. B.Discouraging farmers from using pesticides
  3. C.A long-term strategy to support sustainable growth in the marine and maritime sectors
  4. D.Socio-economic empowerment of India's blue collar workers in the unorganized sector

Correct answer

C. A long-term strategy to support sustainable growth in the marine and maritime sectors

Explanation

The correct answer is C, a long-term strategy to support sustainable growth in the marine and maritime sectors. Blue growth means using the sea for economic progress without harming the health of the ocean. The idea, part of the wider blue economy, covers fisheries and aquaculture, shipping and ports, coastal tourism, offshore energy, seabed minerals and marine biotechnology. India, with a coastline of over 7,500 km and a large Exclusive Economic Zone, has built several programmes on it, such as the Sagarmala port-led development project, the Deep Ocean Mission and the Blue Revolution push in fisheries. The colour blue refers to the oceans, just as green refers to forests and the environment. Option A is wrong because air force modernisation has nothing to do with the term. Option B is wrong because cutting pesticide use is part of organic or green farming. Option D is wrong because blue-collar refers to manual workers, a different idea altogether. Exam tip: blue economy means oceans; Sagarmala and the Deep Ocean Mission are India's flagship examples.

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Q1.Indian EconomyAsked in: NDA · NDA-II 2018, GATEasy

The Nehru-Mahalanobis Strategy of Development was implemented for the first time by which one of the following Five-Year Plans?

  1. A.First Five-Year Plan
  2. B.Second Five-Year Plan
  3. C.Third Five-Year Plan
  4. D.Seventh Five-Year Plan
Show answer
Correct answer: B. Second Five-Year Plan

The Second Plan (1956–61) was built on the model prepared by the statistician P. C. Mahalanobis, which gave priority to heavy and basic industries.

Q3.Indian EconomyAsked in: CDS · CDS-II 2024, GKHard

Consider the following statements : 1. An additional spending by the Government of ₹ X is likely to have less impact on income than an additional transfer of ₹ X to households. 2. An additional spending by the Government of ₹ X is likely to have less impact on income if it is not accompanied by an expansion in money supply. Which of the statements given above is/are correct ?

  1. A.1 only
  2. B.2 only
  3. C.Both 1 and 2
  4. D.Neither 1 nor 2
Show answer
Correct answer: B. 2 only

Government spending adds to income more than an equal transfer, and its effect is smaller when money supply is not expanded alongside it.

Q4.Indian EconomyAsked in: CDS · CDS-II 2022, GKEasy

Which one of the following central features is not associated with Capitalist Economy?

  1. A.There is generalised commodity production - it has market value.
  2. B.Productive wealth is held predominantly in private hands.
  3. C.Economic life is organised according to market principles.
  4. D.Economic organisation is based on planning, a supposedly rational process of resource allocation.
Show answer
Correct answer: D. Economic organisation is based on planning, a supposedly rational process of resource allocation.

Allocation of resources through central planning is the mark of a socialist or command economy, not a capitalist one. In a capitalist economy, the means of production such as land, factories and capital are owned mainly by private individuals and firms.

Q5.Indian EconomyAsked in: NDA · NDA-I 2026, GATHard

Consider the following statements:

I. The Second Five-Year Plan sought to promote development which would establish socialistic pattern of society in India.

II. Between 1966 and 1969, three Annual Plans were formulated.

III. The Ninth Five-Year Plan could not take off at its stipulated time in the 60th year of India's Independence.

Which of the statements given above are correct?

  1. A.I and II only
  2. B.I and III only
  3. C.II and III only
  4. D.I, II and III
Show answer
Correct answer: A. I and II only

Statements I and II are true, but the Ninth Plan began in 1997, the fiftieth year of Independence, not the sixtieth.