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

MOST IMPORTANT indian economy mcq - 10 EXERCISES

Top 30,000+ Indian Economy Memory Based Exercises

The following question based on Planning, Economic Development & Five year Plans topic of indian economy mcq

Questions : 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.

The correct answers to the above question in:

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%.

Practice Planning, Economic Development & Five year Plans (planning economic development & five year plans section 1) Online Quiz

Discuss Form

Valid first name is required.
Please enter a valid email address.
Your genuine comment will be useful for all users! Each and every comment will be uploaded to the question after approval.

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

Question : 1

Who among the following constitute the National Development Councils?

  1. The Prime Minister of India
  2. The Leader of Opposition
  3. Minister of Union Cabinet
  4. Chief Minister of the States
Select the correct answer using the given code below.

a) 1 and 2 only

b) 1, 3 and 4 only

c) 1, 2, 3 and 4

d) 1, 2 and 3 only

Answer: (b)

Question : 2

Which ofthe following can aid in furthering the Government’s objective of inclusive growth ?

  1. Promoting Self-Help Groups.
  2. Promoting Micro Small and Medium Enterprises.
  3. Implementing the Right to Education Act.
Select the correct answer using the codes given below:

a) 1 only

b) 2 and 3

c) 1 and 2

d) 1, 2 and 3

Answer: (d)

The concept of inclusive growth is based on both the economic and social empowerment of ordinary and underprivileged individuals.

Thus all the statements are correct.

Question : 3

Consider the following statements :

  1. Jawahar Rozgar Yojana was launched in the Seventh Five Year Plan.
  2. Small-scale and food processing industries were given new impetus in Seventh Five Year Plan.
Which of the statements given above is/are correct?

a) 2 only

b) Both 1 and 2

c) 1 only

d) Neither 1 nor 2

Answer: (b)

Jawahar Rozgar Yojna was launched on April 1, 1989, by merging National Rural Employment Program (NREP) and Rural Landless Employment Guarantee Programme (RLEGP).

In Seventh Five Year Plan the small-scale and food processing industries were given new impetus as the plan laid stress on improving the productivity level of industries by upgrading technology.

Question : 4

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: (d)

Question : 5

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
Codes: I II III IV

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: (c)

Question : 6

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.
Which of the statements given above is/are correct about the Indicative planning?

a) 1 and 2

b) 1 and 3

c) 1, 2 and 3

d) only 1

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.

Recently Added Subject & Categories For All Competitive Exams

New 150+ Percentage Questions For IBPS Clerk Prelims 2024

Free Top Percentage Quants Aptitude based Multiple Choice Questions and Answers Practice Test Series, Quiz PDF & Mock Test for IBPS Clerk Prelims 2024 Exam

04-May-2024 by Careericons

Continue Reading »

Classification Reasoning MCQ For IBPS Clerk Prelims 2024

Most Important 100+ Classification based Verbal Reasoning Ability Multiple choice questions and answers PDF, Free New Mock tests For IBPS Clerk Prelims 2024

03-May-2024 by Careericons

Continue Reading »

Ratio and Proportion Questions with Solutions, IBPS Clerk

New Ratio and Proportion Quants Aptitude based Multiple Choice Questions and Answers Practice Test Series, Quiz & Mock Test for IBPS Clerk Prelims 2024 Exam

02-May-2024 by Careericons

Continue Reading »

Top Analogy Reasoning Ability For IBPS Clerk Prelims 2024

Most Important Analogy based Verbal Reasoning Multiple choice questions and answers practice quiz series PDF, Free New Mock tests For IBPS Clerk Prelims 2024

01-May-2024 by Careericons

Continue Reading »