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) Extension of employment opportunities
(b) Reduction of poverty
(c) Reduction of gender inequality
(d) Strengthening of capital market
The correct answers to the above question in:
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.
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Read more planning economic development five year plans Based Indian Economy Questions and Answers
Question : 1
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 »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 : 2
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 »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 : 3
Who is the ex-officio Chairman of the Planning Commission of India ?
a) The Prime Minister of India
b) Vice-President of India
c) The Law Minister of India
d) The Finance Minister of India
Answer »Answer: (a)
Question : 4
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 : 5
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 : 6
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)
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