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

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.

Answer: (b)

Answer: (a)

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.

Answer: (c)

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

Answer: (a)

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.