Practice Planning economic development five year plans - indian economy mcq Online Quiz (set-1) For All Competitive Exams
Q-1) How many part-time members are there in Niti Aayog?
(a)
(b)
(c)
(d)
Maximum of two from leading universities research organizations and otherrelevant institutions in an ex-officio capacity. Part-time members will be on a rotational basis.
Q-2) Since the start of planning in India, the total number of years not covered by any five year plans is
(a)
(b)
(c)
(d)
Q-3) How many Ex-officio members can be selected from the Union Council of Ministers to be nominated by the Prime Minister in Niti Aayog?
(a)
(b)
(c)
(d)
Maximum of four members of the Union Council of Ministers to be nominated by the Prime Minister to the Niti Aayog.
Q-4) What is the growth rate aimed at in the Eighth Five Year Plan?
(a)
(b)
(c)
(d)
Q-5) In which of the following years was the planning commission set up in India ?
(a)
(b)
(c)
(d)
In March 950, Government of India constituted a statutory body with the Prime Minister of India as its chairman called Planning Commission of India.
Q-6) Which of the following measures should be taken when an economy is going through inflationary pressures?
- The direct taxes should be increased.
- The interest rate should be reduced.
- The public spending should be increased.
Select the correct answer using the codes given below
(a)
(b)
(c)
(d)
Cost-push inflation occurs when businesses respond to rising costs, by increasing their prices to protect profit margins.
There are many reasons why costs might rise: Component costs, Rising labour costs and higher indirect taxes imposed by the government.
So, direct taxes should be increased when an economy is going through inflationary pressures.
Q-7) Consider the following statements :
- PURA model of the economic model was advocated by Dr APJ Abdul Kalam.
- PURA model of economic development is mainly aimed to bridge the gap between the rural-urban divide.
Which of the statements given above is/are correct?
(a)
(b)
(c)
(d)
Provision of Urban Amenities to Rural Areas (PURA) is a strategy for rural development in India to bridge the gap between rural and urban India.
This concept was given by former president Dr A.P.J. Abdul Kalam. PURA proposes that urban infrastructure and services be provided in rural hubs to create economic opportunities outside of cities.
Q-8) The Rural infrastructure fund set up in 1995 – 96, is maintained by the
(a)
(b)
(c)
(d)
The rural infrastructure fund was set up by the Government in 1995–96 for financing ongoing rural Infrastructure projects.
The Fund is maintained by the National Bank for Agriculture and Rural Development (NABARD).
Domestic commercial banks contribute to the fund to the extent of their shortfall in stipulated priority sector lending to agriculture.
Q-9) Consider the following statements regarding Indian planning.
- The second five year plan emphasized on the establishment of heavy industries.
- The third five year plan aimed to achieve self-sufficiency in foodgrains and increase agricultural production to meet the requirements of industry and exports.
Which of the statements given above is/are correct?
(a)
(b)
(c)
(d)
The Second Five Year Plan heralded in a true sense the Socialist Project of the then Prime Minister, Jawaharlal Nehru.
The economic policies of Nehru were heavily influenced by the erstwhile Union of Soviet Socialist Republics (USSR) which had followed the path of speedy industrialisation to expand the manufacturing base of its economy.
The Second Five year Plan focused mainly on heavy industry as against the First Plan which was essentially an agricultural plan.
This was done to boost domestic production and manufacturing of goods. The third plan aimed to achieve self-sufficiency in foodgrains and to increase agricultural production to meet the requirements of industry and exports.
Q-10) Consider the following statements:
- The Ninth Five Year Plan was launched in the 50th year of India’s independence.
- For the 1st time in the Indian Economy, the GDP growth rate of the Ninth Five Year plan was set at 7%.
Which of the statements given above is/are correct?
(a)
(b)
(c)
(d)
The ninth five-year plan was launched in the 50th year of India’s independence.
Under the plan, for the 1st time in the Indian Economy, the GDP growth rate was set at 7%.
Q-11) Which among the following plans adopted the policy for the universalization of elementary education in India?
(a)
(b)
(c)
(d)
The Ninth Plan treats education as the most crucial investment in human development.
The plan had the national goal of providing primary education as a universal basic service, and the Supreme Court also declared education to be a fundamental right for children up to 14 years of age
Q-12) The Team-9 initiative is a techno economic cooperation venture between India and eight countries of
(a)
(b)
(c)
(d)
In a bid to expand its economic reach, India launched an initiative in 2004 called TechnoEconomic Approach for Africa–India Movement (TEAM–9), together with eight energy and resource-rich West African countries viz. Burkina Faso, Chad, Cote D’Ivoire, Equatorial Guinea, Ghana, Guinea Bissau, Mali, Senegal, and India.
The initiative was part of a broader policy to engage the underdeveloped, yet resource-wealthy countries of West Africa, which required both low-cost technology and investment to develop their infrastructure.
In particular, India increasingly wants to play an important role in helping Ivory Coast and other West African countries channel their energy resources more efficiently.
Q-13) Golden Quadrangle project is associated with the development of
(a)
(b)
(c)
(d)
The Golden Quadrangle project is associated with the development of Highways. The Golden Quadrilateral is a highway network connecting many of the major industrial, agricultural and cultural centres of India.
A quadrilateral of sorts is formed by connecting Delhi, Mumbai, Kolkata and Chennai, and hence its name.
Q-14) National Planning Committee was set up by
(a)
(b)
(c)
(d)
Q-15) In the Eleventh Five Year Plan, which of the following sectors accounts for maximum combined Central, State and U.T. expenditure?
(a)
(b)
(c)
(d)
Q-16) Which one of the following five year plans has the highest GDP growth rate in Agriculture sector in India ?
(a)
(b)
(c)
(d)
The growth performance of the agriculture sector has been fluctuating across the plan periods . It witnessed a growth rate of 4.8 per cent during the Eighth plan period (1992–97).
Q-17) In India, the concept of minimum needs and directed anti-poverty programmes were the innovation of :
(a)
(b)
(c)
(d)
In the fifth five year plan, the concept of ‘minimum needs’ and directed anti-poverty programmes were innovated.
The Minimum needs Programme aimed to establish a network of basic services to raise living standards and in reducing the regional disparities in development.
The basic needs of the people identified for this programme are Elementary Education, Adult Education, Rural Health, Rural Roads, Rural Electrification, Rural Housing. Moreover, it was during the plan, the slogan of ‘Garibi hatao’ was given to remove poverty.
Q-18) ‘Bharat Nirman’ plan is associated with development of
(a)
(b)
(c)
(d)
Bharat Nirman plan is associated with the development of rural infrastructure like roads, irrigation, housing, water supply, telecommunication and electrification.
Q-19) In which one the following Five Year Plans the actual growth performance in India in respect of GDP(at factor cost) was less than the target set ?
(a)
(b)
(c)
(d)
The revised targeted annual rate of growth of 9th plan was 6.5% while the actual growth rate was 5.5%.
Q-20) Which one of the following Five year plans of Indian Economy was terminated by the Janata Government?
(a)
(b)
(c)
(d)
The fifth FYP was launched and planned for the period 1974-79 but Janata Government came in power in 1978 and terminated the plan prematurely in 1978.
The Janata government launched the sixth FYP for the period 1978-1983.
Congress government when came into power in 1980 abandoned the sixth FYP and launched a new sixth FYP for the period 1980-1985.