planning economic development & five year plans section 9 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

Questions : Consider the following statements regarding Indian planning.
  1. Inclusive growth is a concept, which involves equitable allocation of resources.
  2. Inclusive growth as enunciated in the eleventh Five Year Plan also includes strengthening of capital market.
Which of the statements given above is/are correct?

(a) 2 only

(b) 1 and 2

(c) 1 only

(d) None

The correct answers to the above question in:

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.

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

Question : 1

Which of the following is not a millennium development goal?

a) Universal primary and secondary education.

b) The eradication of extreme poverty and hunger.

c) Reducing the child mortality rate.

d) Gender equality and empowerment of women.

Answer: (a)

Question : 2

Consider the following:

  1. Low per capita income
  2. Low rate of capital formation
  3. Working force largely in the tertiary sector
Which among the above is/ are the characters of an underdeveloped economy?

a) 1 & 2

b) 1 & 3

c) 2 & 3

d) 1, 2 & 3

Answer: (a)

Question : 3

Match the following:

List I List II
(Date of Launch) (Scheme)
I. 2007 a. Aam Admi Bima Yojana
II. 2009 b. Bachat Lamp Yojana
III. 2015 c. Atal Pension Yojana
Codes: A B C

a) I-a, II-b, III-c

b) I-b, II-c, III-a

c) I-c, II-b, III-a

d) I-c, II-c, III-b

Answer: (d)

Aam Admi Bima Yojana was launched in 2007,

Atal Pension Yojana was launched on May 9, 2015, and

Bachat Lamp Yojana was launched in 2009.

Question : 4

Consider the following statements:

  1. MNREGA was launched in the 11th Five Year Plan.
  2. Indira Awas Yojana was launched in the 9th Five Year Plan.
Which of the statements given above is/are correct?

a) 2 only

b) 1 and 2 both

c) 1 only

d) None

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.

Question : 5

Inclusive growth as enunciated in the Eleventh Five Year Plan does not include one of the following

a) Reduction of gender inequality

b) Reduction of poverty

c) Strengthening of capital market

d) Extension of employment opportunities

Answer: (c)

Question : 6

Consider the following statements:

  1. Average annual growth target of 12th Five Year Plan is 9%.
  2. Average annual growth of the agriculture sector in the Eleventh Five Year Plan was 4%.
Which of the statements given above is/are correct?

a) 2 only

b) 1 and 2 both

c) 1 only

d) None

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%.

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