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

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Questions : Which among the following Five Year Plans of the Indian Economy adopted the indicative planning model?

(a) Sixth Five Year Plan

(b) Eight Five Year Plan

(c) Fourth Five Year Plan

(d) Tenth Five Year Plan

The correct answers to the above question in:

Answer: (b)

During the Eighth Five Year Plan, the Indian Economy adopted the indicative planning model.

Indicative planning is a form of economic planning implemented by a state in an effort to solve the problem of imperfect information in the market and mixed economies in order to increase economic performance.

When utilizing indicative planning, the state employs “influence, subsidies, grants, and taxes.

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

Question : 1

As per the data, which among the following states of India has recorded highest growth rate in 11th Five Year Plan?

a) Maharashtra

b) Bihar

c) Gujarat

d) Rajasthan

Answer: (b)

Bihar has recorded a growth rate of 11.95% annually during the 11th Five Year Plan — the highest among states.

The state is, however, way behind as far as it's annual per capita income is concerned — ` 25,653 as against the national average of ` 60,972.

Question : 2

Consider the following statements :

  1. Indo-china war had hampered the proper progress and implementation of Fourth Five Year Plan in India.
  2. In the Indian Economy, the plan Holiday took place during 1966 to 1969
Which of the statements given above is/are correct?

a) 2 only

b) Both 1 and 2

c) 1 only

d) Neither 1 nor 2

Answer: (a)

Despite big investments, during the first three Plans, the living standards of the poor could not be raised and poverty and inequity in the distribution of state resources remained stark.

Consequently, the period between 1966 and 1969 marked the shift from a ‘growth approach’ to a ‘distribution from growth approach’. Looking at the failures and pitfalls the planners suspended the impending Fourth Plan, which was due in 1966, until 1969 for a revision of objectives and targets.

This was called the ‘Plan Holiday’ extending from 1 April 1966 to 31 March 1969.

Question : 3

The basic objective of Fifth Five Years Plan was

a) Exclusive growth

b) Poverty Removal

c) Inclusive growth

d) Reforms in public distribution system

Answer: (b)

Question : 4

Who is the current CEO of Niti Aayog?

a) Sindhushree Khullar

b) Rajiv Meharshi.

c) Arvind Mayaram

d) Sudha Pillai

Answer: (a)

CEO is appointed by the Prime Minister for a fixed tenure, in the rank of Secretary to the Government of India. Sindhushree Khullar appointed as the Chief Executive Officer.

Question : 5

Khadi and village industry commission was established in

a) First Plan

b) Third Plan

c) Second Plan

d) Fourth Plan

Answer: (c)

Question : 6

During the Eleventh Five Year Plan (FYP), agriculture sector in India witnessed a growth rate of 3.3 per cent per annum which is higher than 2.4 per cent per annum in the previous FYP. This is largely due to better performance of:

a) Oilseeds and Fibres

b) Fishing and Oilseeds

c) Crops and Livestock

d) Fibres and Fishing

Answer: (c)

As per report of the working group on animal husbandary and dairying - 11 th 5 year plan, the livestock sector employs 8% of the country’s labour force.

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