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

MOST IMPORTANT indian economy mcq - 10 EXERCISES

Top 30,000+ Indian Economy Memory Based Exercises

The following question based on Planning, Economic Development & Five year Plans topic of indian economy mcq

Questions : 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

The correct answers to the above question in:

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.

Practice Planning, Economic Development & Five year Plans (planning economic development & five year plans section 9) Online Quiz

Discuss Form

Valid first name is required.
Please enter a valid email address.
Your genuine comment will be useful for all users! Each and every comment will be uploaded to the question after approval.

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

Question : 1

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

a) Extension of employment opportunities

b) Reduction of poverty

c) Reduction of gender inequality

d) Strengthening of capital market

Answer: (d)

Inclusive growth is ‘broad-based growth’, ‘shared growth’, and ‘pro-poor growth’.

It excludes the capital markets which is left to operate by themselves in the open market.

Question : 2

The term “Hindu rate of growth” refers to the 3.70% per annum growth rate achieved by the Indian economy over the firstsix Five -Year Plans” The term was coined by:

a) K.N. Raj

b) Raj Krishna

c) J.N. Bhagwati

d) Sukhamoy Chakravarty

Answer: (b)

The Hindu rate of growth is a derogatory term referring to the low annual growth rate of the planned economy of India before the liberalizations of 1991, which stagnated around 3.5% from the 1950s to 1980s, while per capita income growth averaged 1.3%.

The term was coined by Indian economist Raj Krishna. It suggests that the low growth rate of India, a country with a high Hindu population was in sharp contrast to high growth rates in other Asian countries, especially the East Asian Tigers, which were also newly independent.

This meaning of the term, popularized by Robert McNamara, was used disparagingly and has connotations that refer to the supposed Hindu outlook of fatalism and contentedness.

Question : 3

Which Five- Year Plan had an objective of “Rapid industrialization with particular emphasis on development of basic and heavy industries” ?

a) Second

b) First

c) Fourth

d) Third

Answer: (a)

The Second Five Year Plan’s broad objective was establishment of a socialistic pattern of society. It aimed at rebuilding rural India, development of basic and heavy industries and enlarging scope of public sector.

Question : 4

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: (c)

All adult members of the household who registered can apply for work. To register, they have to : Be local residents

Question : 5

Who authored the book, ‘Planned Economy for India’?

a) Pattabhi Sitaramayya

b) M. Visvesvaraya

c) G.D. Birla

d) J.R.D. Tata

Answer: (b)

Question : 6

Structural unemployment arises due to:

a) heavy industry bias

b) deflationary conditions

c) inadequate productive capacity

d) shortage of raw materials

Answer: (c)

Recently Added Subject & Categories For All Competitive Exams

100+ Quadratic Equation Questions Answers PDF for Bank

Quadratic Equation multiple choice questions with detailed answers for IBPS RRB SO. more than 250 Attitude practice test exercises for all competitive exams

03-Jul-2024 by Careericons

Continue Reading »

IBPS Aptitude Linear Equations MCQ Questions Answers PDF

Linear equations multiple choice questions with detailed answers for IBPS RRB SO. more than 250 Attitude practice test exercises for all competitive exams

03-Jul-2024 by Careericons

Continue Reading »

New 100+ Compound Interest MCQ with Answers PDF for IBPS

Compound Interest verbal ability questions and answers solutions with PDF for IBPS RRB PO. Aptitude Objective MCQ Practice Exercises all competitive exams

02-Jul-2024 by Careericons

Continue Reading »

100+ Mixture and Alligation MCQ Questions PDF for IBPS

Most importantly Mixture and Alligation multiple choice questions and answers with PDF for IBPS RRB PO. Aptitude MCQ Practice Exercises all Bank Exams

02-Jul-2024 by Careericons

Continue Reading »