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
(a) heavy industry bias
(b) deflationary conditions
(c) inadequate productive capacity
(d) shortage of raw materials
The correct answers to the above question in:
Answer: (c)
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Read more planning economic development five year plans Based Indian Economy Questions and Answers
Question : 1
Who authored the book, ‘Planned Economy for India’?
a) Pattabhi Sitaramayya
b) M. Visvesvaraya
c) G.D. Birla
d) J.R.D. Tata
Answer »Answer: (b)
Question : 2
Among the following who are eligible to benefit from the “Mahatma Gandhi National Rural Employment Guarantee Act”?
a) Adult members of below poverty line (BPL) households
b) Adult members of only the scheduled caste and scheduled tribe households
c) Adult members of any household
d) Adult members of households of all backward communities
Answer »Answer: (c)
All adult members of the household who registered can apply for work. To register, they have to : Be local residents
Question : 3
Who was the author of the book ‘Planned Economy for India’?
a) P.C. Mahalnobis
b) J.L. Nehru
c) Vishveswaraiyya
d) None of these
Answer »Answer: (c)
M. Vishveswaraiyya wrote the book ‘Planned Economy for India’. Sir Mokshagundam Vishveshwariah was a notable Indian engineer, scholar, statesman and the Diwan of Mysore from 1912 to 1918.
He was a recipient of the Indian Republic’s highest honour, the Bharat Ratna, in 1955.
Question : 4
The Economic Planning Committee was established in the chairmanship of
a) Dr. Rajendra Prasad
b) J.L. Nehru
c) K.C. Niyogi
d) Ramkrishna Mudaliyar
Answer »Answer: (b)
After India gained independence, a formal model of planning was adopted, and the Planning Commission, was established on 5 March 950, with Prime Minister Jawaharlal Nehru as the chairman.
Question : 5
Which of the following were the priority objectives of the Eighth plan?
- Universalization of elementary education.
- Growth and diversification of agriculture.
- Containment of population growth.
- Gradual privatization of most public sector undertakings.
a) 1, 2 and 4
b) 1, 3 and 4
c) 2, 3 and 4
d) 1, 2 and 3
Answer »Answer: (d)
Question : 6
In India, planned economy is based on?
a) Capitalist system
b) Socialist system
c) Gandhian system
d) Mixed economy system
Answer »Answer: (d)
The planned economy is based on the mixed economy system.
The concept of a mixed economy evolved from the ideas of Keynes. The concept of Mixed Economy means that both private enterprises and public enterprises coexist.
However, the condition attached is that the private enterprises must work for serving society rather than having only self-interest.
Further, private enterprises may not be allowed in every sector of the economy like area of national importance.
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