planning economic development & five year plans section 1 MCQ Questions & Answers Detailed Explanation

Question : 1

Consider the following statements :

1. The state sets broad parameters and goals for the economy.
2. The targets to be achieved are broadly set by the state.
3. The plan is made for a specific time period of about 15 years.

a) 1, 2 and 3

b) 1 and 3

c) 1 and 2

d) only 1

Question : 2

Consider the following statements

1. Absolute Poverty: It refers to the total number of people living below the Poverty line. As per this measure, around 30% of India’s population is below the poverty line.
2. Relative Poverty: It refers to the Poverty of people, in comparison to other people, regions in the nation.

a) 1 only

b) Neither 1 nor 2

c) 2 only

d) Both 1 and 2

Question : 3

The Planned Development Model was adopted in India from

a) 1st May, 1965

b) 1st April, 1951

c) 26th January, 1950

d) 15th August, 1947

Question : 4

Human Poverty Index (HPI) measures the deprivation as a composite index of:

a) knowledge, basic needs and standard of living

b) longevity, nutrition and knowledge

c) longevity, knowledge, and standard of living

d) longevity, standard of living and sanitation

Question : 5

The Finance Commission is primarily concerned with recommending to the President about

a) the principle government grants-in-aid to be given to the states

b) distributing the net proceeds of the taxes between the centre and the states

c) Both (A) and (B)

d)   Neither (A) nor (B)

Question : 6

Consider the following statements regarding Indian planning.

1. The Second Five Year plan emphasized the establishment of heavy industries.
2. The Third Five Year Plan aimed to achieve self-sufficiency in food grains and increase agricultural production to meet the requirements of industry and exports.

a) 2 only

b) 1 and 2 both

c) 1 only

d) None