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

Question : 1

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 : 2

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 : 3

Consider the following economic processes taking place in Indian Economy :

1. Import of western culture through the mass media and telecommunication system in India.
2. Establishment of factory limits of MNCs in India.
3. Acquisition of branded foreign companies by Indian business tycoons.

a) 1 and 3

b) 2 and 3

c) 1, 2 and 3

d) only 2

Question : 4

The slogan of ‘poverty abolition’ was given in which Five Year Plan?

a) Fourth plan

b) Fifth plan

c) Second plan

d) Sixth plan

Question : 5

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 : 6

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)