planning economic development & five year plans section 1 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
- The state sets broad parameters and goals for the economy.
- The targets to be achieved are broadly set by the state.
- The plan is made for a specific time period of about 15 years.
(a) 1 and 2
(b) 1 and 3
(c) 1, 2 and 3
(d) only 1
The correct answers to the above question in:
Answer: (a)
Indicative planning is a form of economic planning implemented by a state in an effort to solve the problem of imperfect information in the market and mixed economies in order to increase economic performance.
Regarding indicative planning, the state sets broad parameters and goals for the economy and the targets to be achieved are broadly set by the state.
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Read more planning economic development five year plans Based Indian Economy Questions and Answers
Question : 1
Match the following:
List I | List II |
(Year of starting) | (Name of the programme) |
I. 1971-72 | a. Pilot Intensive Rural Employment |
II. 1972-73 | b. Crash Scheme for Rural Employment |
III. 1973-74 | c. Food for work Programme |
IV. 1977-78 | d. Drought Prove Areas Programme |
a) I-a, II-b, III-c, III-d
b) I-d, II-c, III-b, IV-a
c) I-b, II-a, III-d, IV-c
d) I-a, II-d, III-a, IV-b
Answer »Answer: (c)
Question : 2
The core concept of the Eleventh Five Year Plan was
a) Faster and more inclusive growth
b) Human Resource Development
c) Human well being
d) Growth with social justice and equality
Answer »Answer: (d)
Question : 3
Which one of the following is correct about the Twelfth Five Year Plan recently approved by the Indian Government?
a) 12th Five Year Plan aims to grow GDP at the rate of 10%.
b) 12th Five Year Plan aims to sustain the inclusive growth which started in 11th plan.
c) 12th Five Year Plan of Indian Economy is from 2011 to 2016.
d) Both (b) and (c) are correct about the 12th Five Year Plan.
Answer »Answer: (b)
The Twelfth Five Year Plan approved by the government aims to sustain inclusive growth which started in the 11th plan.
12th Five Year Plan is from 2012 to 2017 and it aims to grow GDP at the rate of 9%.
Question : 4
Consider the following economic processes taking place in Indian Economy :
- Import of western culture through the mass media and telecommunication system in India.
- Establishment of factory limits of MNCs in India.
- 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
Answer »Answer: (c)
Under Globalisation, all the following are covered – Import of western culture through the mass media and telecommunication system, establishment of factory limits of MNCs and acquisition of branded foreign companies by business tycoons.
Question : 5
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
Answer »Answer: (b)
Question : 6
Consider the following statements
- 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.
- 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
Answer »Answer: (b)
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.
Relative Poverty: It refers to the Poverty of people, in comparison to other people, regions in the nation.
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