planning economic development & five year plans section 8 MCQ Questions & Answers Detailed Explanation

MOST IMPORTANT indian economy mcq - 10 EXERCISES

Top 30,000+ Indian Economy Memory Based Exercises

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

Questions : Who was the first administrator-statesman to attempt planning as a means for economic development?

(a) M Viswesvarayya

(b) VT Krishnamachari

(c) Sir CP Ramaswami Aiyyar

(d) C Rajagopalachari

The correct answers to the above question in:

Answer: (a)

Before independence, M.Visvesvaraya’s “District Development Scheme: Economic Progress by Forced Marches” published in 1939, was the first significant attempt at evolving a methodology for decentralised planning.

In his district plan, Visvesvaraya worked out a concrete programme of action for the economic reconstruction of the countryside. His scheme of district planning included main lines of development, district organisation, village and town organisations and aid development. After independence, in every plan, local planning was recognised as an important requirement for local development.

Practice Planning, Economic Development & Five year Plans (planning economic development & five year plans section 8) Online Quiz

Discuss Form

Valid first name is required.
Please enter a valid email address.
Your genuine comment will be useful for all users! Each and every comment will be uploaded to the question after approval.

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

Question : 1

In India which of the following Five Year Plans was launched with a focus on sustainable growth?

a) 12th

b) 9th

c) 11th

d) 10th

Answer: (a)

Question : 2

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) Seventh Five Year Plan

b) Sixth Five Year Plan

c) Ninth Five Year Plan

d) Eighth Five Year Plan

Answer: (c)

The revised targeted annual rate of growth of 9th plan was 6.5% while the actual growth rate was 5.5%.

Question : 3

Which one of the following pairings is not correct about the Five Year Plan of India?

a) Fourth Five Year Plan : 1966-71

b) Eighth Five Year Plan : 1990-95

c) First Five Year Plan : 1951-56

d) Both (a) and (b)

Answer: (d)

First Five Year Plan: 1951-56,

Fourth Five Year Plan: 1969-74,

Eighth Five Year Plan: 1992-97.

Thus the period of the First Five Year Plan of India is 1951-56 which is only the correct paring in the given statements.

Question : 4

National Rural Employment Guarantee Act ensures that the

  1. Centre bears 75% of the cost of wages of unskilled manual workers.
  2. State government provides 100 days of work to every member of a household in a financial year.

a) 1 only

b) Both 1 and 2

c) 2 only

d) Neither 1 nor 2

Answer: (c)

Question : 5

The National Development Council (NDC) :

  1. discusses the progress of the National plan.
  2. suggests the ways to achieve the goals of the national plan.
  3. gives guidelines to formulate the National plan.
  4. suggests plan allocation.
Consider the above statements, select the correct answer from the codes given below : Codes :

a) 2, 3 and 4

b) 1, 2 and 4

c) 1, 2 and 3

d) All of the above

Answer: (c)

National Development Council aims

  • to prescribe guidelines for the formulation of the National Plan, including the assessment of resources for the Plan;
  • to consider the National Plan as formulated by the Planning Commission;
  • 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 : 6

Inclusive growth would necessitate :

a) Development of infrastructural facilities

b) Increase availability of social services such as education and health.

c) Revival of agriculture

d) All the above.

Answer: (d)

Inclusive growth is a concept that involves the equitable allocation of resources during the process of economic growth with benefits incurred by every section of society.

Inclusive growth necessitates the development of infrastructural facilities, the revival of agriculture and also increases the availability of social services such as education and health.

Recently Added Subject & Categories For All Competitive Exams

100+ Quadratic Equation Questions Answers PDF for Bank

Quadratic Equation multiple choice questions with detailed answers for IBPS RRB SO. more than 250 Attitude practice test exercises for all competitive exams

03-Jul-2024 by Careericons

Continue Reading »

IBPS Aptitude Linear Equations MCQ Questions Answers PDF

Linear equations multiple choice questions with detailed answers for IBPS RRB SO. more than 250 Attitude practice test exercises for all competitive exams

03-Jul-2024 by Careericons

Continue Reading »

New 100+ Compound Interest MCQ with Answers PDF for IBPS

Compound Interest verbal ability questions and answers solutions with PDF for IBPS RRB PO. Aptitude Objective MCQ Practice Exercises all competitive exams

02-Jul-2024 by Careericons

Continue Reading »

100+ Mixture and Alligation MCQ Questions PDF for IBPS

Most importantly Mixture and Alligation multiple choice questions and answers with PDF for IBPS RRB PO. Aptitude MCQ Practice Exercises all Bank Exams

02-Jul-2024 by Careericons

Continue Reading »