planning economic development & five year plans section 9 MCQ Questions & Answers Detailed Explanation

Answer: (d)

The Fourth Five Plan was formed for the years 1969 to 1974.

It was the first plan that the government of Ms Indira Gandhi launched. The plan was put forward when the country was under the pressure of inflationary recession and devaluation.

The plan aimed for a 5.5 per cent growth but ended up achieving a mere 3.3 per cent growth.

Answer: (b)

Nitiaayog (The NationalInstitution for Transforming India AAYOG) was established by Prime Minister Narendra Modi (chairperson) to replace the planning commission.

Nitiaayog will provide opportunities that the previous planning commission structure lacked, to represent the economic interests of the state governments and union territories of India.

Answer: (d)

Average annual growth target of 12th Five Year Plan is 8%. Average annual growth of the agriculture sector in the Eleventh Five Year Plan was 3.3%.

Answer: (a)

Answer: (b)

The Second Five Year Plan heralded in a true sense the Socialist Project of the then Prime Minister, Jawaharlal Nehru.

The economic policies of Nehru were heavily influenced by the erstwhile Union of Soviet Socialist Republics (USSR) which had followed the path of speedy industrialisation to expand the manufacturing base of its economy. The Second Five year Plan focused mainly on heavy industry as against the First Plan which was essentially an agricultural plan.

This was done to boost domestic production and manufacturing of goods. The third plan aimed to achieve self-sufficiency in foodgrains and to increase agricultural production to meet the requirements of industry and exports.

Answer: (a)