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

Questions : Who amongst the following has been appointed as the Vice Chairman of NITI Aayog?

(a) rvind Panagariya

(b) Jagdish Bhagwati

(c) Pravin Krishna

(d) T.N. Srinivasan

The correct answers to the above question in:

Answer: (a)

Arvind Panagariya is an eminent free market economist and has been an Economics professor at Columbia University in New York. He, as vice chairman, would have a pivotal role in coordinating economic strategy and hold cabinet rank.

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Question : 1

Consider the following statements about the LPG model of economic development process in India?

  1. Disinvestment of profit making public sector Enterprises.
  2. Permitting private sectors to establish Industrial Units without taking a licence.
  3. Chronically sick industries were referred to BIFR for the formulation of revival or rehabilitation plan.
Which of the processes given above is/are taken after adoption of LPG model?

a) 1 and 3

b) 2 and 3

c) 1, 2 and 3

d) only 2

Answer: (c)

LPG model of economic development process in India involves disinvestment of profit making public sector enterprises, permitting private sectors to establish industrial units without taking a licence and chronically sick industries were referred to BIFR for the formulation of revival or rehabilitation.

Question : 2

Ninth Plan put emphasis on

a) growth with social justice and equity

b) universal education

c) decentralization

d) removal of rural unemployment

Answer: (a)

Question : 3

Match the following:

List I List II
(Five Year Plan) (Emphasis)
A. First 1. Food security and women empowerment
B. Second 2. Heavy industries
C. Fifth 3. Agriculture and community development
D. Ninth 4. Removal of poverty
Codes: A B C D

a) 1 4 2 3

b) 3 2 4 1

c) 1 2 4 3

d) 3 4 2 1

Answer: (b)

  1. First Five Year Plan (1951-56)- Agriculture and community development
  2. Second Five Year Plan (1956-61)- Heavy Industry
  3. Fifth Five Year Plan (1974-79)- Removal of Poverty
  4. Ninth Five Year Plan (1997-2002)- Food Security and woman empowerment

Question : 4

Consider the following statements:

  1. Indira Gandhi Matritva Sahyog Yojana (IGMSY) has been launched to improve the health and nutrition status of pregnant, lactating women and infants.
  2. The scheme envisages Cash Incentives for the above beneficiaries
  3. All Government Women Employees are beneficiaries of the IGMSY
Which among the above statements is / are correct?

a) Only 1 & 2 are correct

b) Only 1 is correct

c) Only 2 & 3 are correct

d) All are correct

Answer: (a)

Question : 5

Which among the following plans adopted the policy for the universalization of elementary education in India?

a) Eighth Plan

b) Ninth Plan

c) Sixth Plan

d) Eleventh Plan

Answer: (b)

The Ninth Plan treats education as the most crucial investment in human development.

The plan had the national goal of providing primary education as a universal basic service, and the Supreme Court also declared education to be a fundamental right for children up to 14 years of age

Question : 6

Consider the following statements :

  1. Indo-china war had hampered the proper progress and implementation of Fourth Five Year Plan in India.
  2. In the Indian Economy, the plan Holiday took place during 1966 to 1969
Which of the statements given above is/are correct?

a) 1 only

b) Both 1 and 2

c) 2 only

d) Neither 1 nor 2

Answer: (c)

Despite big investments, during the first three Plans, the living standards of the poor could not be raised and poverty and inequity in the distribution of state resources remained stark.

Consequently, the period between 1966 and 1969 marked the shift from a ‘growth approach’ to a ‘distribution from growth approach’.

Looking at the failures and pitfalls the planners suspended the impending Fourth Plan, which was due in 1966, until 1969 for a revision of objectives and targets.

This was called the ‘Plan Holiday’ extending from 1 April 1966 to 31 March 1969.

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