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

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Questions : 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

The correct answers to the above question in:

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.

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

Question : 1

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 : 2

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 : 3

The prominent economist Bibek Debroy and V K Saraswat were appointed as full time members of NITI Aayog. Who is V K Saraswat?

a) Former Finance Secretary

b) Former ISRO chief

c) Former DRDO chief

d) Former Defence Minister

Answer: (c)

Vijay Kumar Saraswat is an Indian scientist who formerly served as the Director-General of the Defence Research and Development Organisation (DRDO) and the Chief Scientific Advisor to the Indian Minister of Defence.[2] He retired on 31 May 2013.

Saraswat is the key scientist in the development of the Prithvi missile and its induction in the Indian armed forces. He is a recipient of the Padma Shri from the Government of India.

Question : 4

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

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.

Question : 5

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 : 6

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

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