planning economic development & five year plans section 7 MCQ Questions & Answers Detailed Explanation

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The following question based on Planning, Economic Development & Five year Plans topic of indian economy mcq

Questions : Consider the following statements about ‘Rolling plan’ it is
  1. A plan for single year.
  2. A plan that is determined for 3, 4 or 5 years.
  3. Reviewed every year according to the necessities of the economy.
  4. A pre-requisite plan for 10, 15 or 20 years of these.
Choose the correct answer from the codes given below. Code

(a) 1, 2, 3 and 4 are correct

(b) Only 1 and 2 are correct

(c) Only 2 and 3 are correct

(d) Only 1 and 3 are correct

The correct answers to the above question in:

Answer: (a)

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Read more planning economic development five year plans Based Indian Economy Questions and Answers

Question : 1

Use of energy requirements (calorie) as a measure of poverty in India was made for the first time by:

a) Dandekar and Rath

b) Amartya Sen

c) T. N. Srinivasan

d) Planning Commission

Answer: (a)

Question : 2

Which of the following is/are the functions of the National Development Council of India?

  1. To prescribe guidelines for the preparation of the national economic plan.
  2. To review the working of the national economic plan from time to time.
  3. To consider important questions of social and economic policy affecting national development
Select the correct answer using the codes given below?

a) 1 and 2 only

b) 2 and 3 only

c) 1 only

d) 1, 2 and 3

Answer: (d)

The National Development Council (NDC) or the Rashtriya Vikas Parishad is the apex body for decision making and deliberations on development matters in India, presided over by the Prime Minister.

The functions of the Council are,

  • to prescribe guidelines for the formulation of the National Plan;
  • to consider the National Plan as formulated by the NITI Aayog;
  • to consider important questions of social and economic policy affecting national development; and
  • to review the working of the Plan from time to time and to recommend such measures as are necessary for achieving the aims and targets set out in the National Plan.

Question : 3

Who among the following is not a part of National Development Council?

a) Vice Chairman of Planning Commission

b) Finance Commission of India Chairman

c) Secretary of Planning & Implementation Ministry

d) Secretary of Planning Commission

Answer: (b)

Question : 4

Goal of Third Five Year Plan in India is

a) increase in share of private sector

b) equal distribution of Income

c) development of Backward castes

d) self sufficiency and to decrease dependency on foreign aids

Answer: (d)

Question : 5

Consider the following statements :

  1. MNREGA was launched in the 11th five-year plan.
  2. Indira Awas Yojana was launched in the 9th Five Year Plan.
Which of the statements given above is/are correct?

a) only 1

b) Both 1 and 2

c) only 2

d) Neither 1 nor 2

Answer: (c)

The Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) is an Indian law that aims to guarantee the ‘right to work’ and ensures livelihood security in rural areas by providing at least 100 days of guaranteed wage employment in a financial year to every household whose adult members volunteer to do unskilled manual work. MNREGA was launched in 200 select districts in 2006.

However, Indira Awas Yojana was launched in the 9th Five Year Plan to provide housing for the rural poor in India.

Question : 6

This type of unemployment can occur even in a situation of full employment.

a) Functional unemployment

b) Structural unemployment

c) Disguised unemployment

d) Cyclical unemployment

Answer: (d)

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