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

Answer: (c)

Answer: (a)

The Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) is an Indian law that aims to guarantee the ‘right to work’ and ensure 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.

Mahatma Gandhi NREGA 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)

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 as enunciated in the Eleventh Five Year Plan does not include the strengthening of the capital market.

The Inclusive Growth in Eleventh Plan has the objectives of increasing GDP, agricultural GDP, increase work opportunities, developing education, provide clean drinking water, reduce malnutrition, increasing energy efficiency, healthcare facilities, road connectivity, broadband connectivity to villages, increasing forest, etc.

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)

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: (a)

LPG model of economic development process in India involves disinvestment of profit making public sector enterprises, permitting private sectors to establish industrial units without taking a licence and chronically sick industries were referred to BIFR for the formulation of revival or rehabilitation.