planning economic development & five year plans section 10 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 : 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

The correct answers to the above question in:

Answer: (a)

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

Question : 1

Disguised unemployment generally means

a) Alternative employment is not available

b) Large number of people remain unemployed

c) Productivity of worker is low

d) Marginal productivity of labour is zero

Answer: (d)

Question : 2

During which Five Year Plan was the Emergency claimed, new elections took place and the Janta Party was elected?

a) Sixth

b) Third

c) Fifth

d) Fourth

Answer: (c)

Question : 3

Which one of the following Five year plans of Indian Economy was terminated by the Janata Government?

a) Fifth Five Year Plan

b) Seventh Five Year Plan

c) Fourth Five Year Plan

d) Eighth Five Year Plan

Answer: (a)

The fifth FYP was launched and planned for the period 1974-79 but Janata Government came in power in 1978 and terminated the plan prematurely in 1978.

The Janata government launched the sixth FYP for the period 1978-1983.

Congress government when came into power in 1980 abandoned the sixth FYP and launched a new sixth FYP for the period 1980-1985.

Question : 4

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.

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