planning economic development & five year plans section 8 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
(a) 12th
(b) 9th
(c) 11th
(d) 10th
The correct answers to the above question in:
Answer: (a)
Practice Planning, Economic Development & Five year Plans (planning economic development & five year plans section 8) Online Quiz
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Read more planning economic development five year plans Based Indian Economy Questions and Answers
Question : 1
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 »Answer: (c)
The revised targeted annual rate of growth of 9th plan was 6.5% while the actual growth rate was 5.5%.
Question : 2
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 »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 : 3
In the post-Independence period, economic reforms were first introduced in India under :
a) Indira Gandhi Government (1980)
b) Rajiv Gandhi Government (1985)
c) Janata Party Government (1977)
d) P.V. Narsimha Rao Government (1990)
Answer »Answer: (d)
The economy of India had undergone significant policy shifts at the beginning of the 1990s.
This new model of economic reforms is commonly known as the LPG or Liberalization, Privatization and Globalization model.
LPG model of economic development in India was proposed by Dr Manmohan Singh, economist and finance minister at that time under the PV Narshimha Rao Government in 1990.
Question : 4
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
Answer »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.
Question : 5
National Rural Employment Guarantee Act ensures that the
- Centre bears 75% of the cost of wages of unskilled manual workers.
- 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 »Answer: (c)
Question : 6
The National Development Council (NDC) :
- discusses the progress of the National plan.
- suggests the ways to achieve the goals of the national plan.
- gives guidelines to formulate the National plan.
- suggests plan allocation.
a) 2, 3 and 4
b) 1, 2 and 4
c) 1, 2 and 3
d) All of the above
Answer »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.
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