planning economic development & five year plans section 2 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
(a) Under Annapurna Scheme, indigent senior citizens of 65 years of age or above eligible for National Old Age Pension but not getting pension can get 0 kg of food grains per person per month free of cost.
(b) Under the Targeted Public Distribution System, the families below Poverty Line are provided 50 kg of food grains per month per family at subsidized price.
(c) Ministry of Human Resource Development gives financial support to mid-day meal scheme for the benefit of Class I to V students in government or government aided school.
(d) Ministry of social justice and empowerment has a scheme in which indigent people living in welfare institutions like orphanages are given 5 kg of foodgrains per person per month of BPL rates.
The correct answers to the above question in:
Answer: (b)
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Read more planning economic development five year plans Based Indian Economy Questions and Answers
Question : 1
First Five Year Plan was started in
a) 1966-67
b) 1951-52
c) 1961-62
d) 1956-57
Answer »Answer: (b)
Question : 2
The final authority in India to adopt the five year plan for the country vests in :
a) The National Development Council
b) The Union Cabinet
c) NITI Aayog
d) The parliament
Answer »Answer: (a)
The National Development Council (NDC) or the Rashtriya Vikas Parishad is the apex body for decision-making and deliberations on development matters in India, presided over by the Prime Minister.
The National Development Council is the final authority to adopt the Five Year Plan for the country.
Question : 3
Which one ofthe following wasthe firstChairman of Planning Commission of India?
a) Sardar Vallabhbhai Patel
b) Pt. Jawaharlal Nehru
c) Dr. Rajendra Prasad
d) J.B. Kriplani
Answer »Answer: (b)
After India gained independence, a formal model of planning was adopted, and accordingly the Planning Commission was established on 15 March 1950, with Prime Minister Jawaharlal Nehru as the Chairman.
Question : 4
The period of plan holiday in India was
a) 1966 – 69
b) 1970 – 73
c) 1962 – 65
d) 1973 – 76
Answer »Answer: (a)
Due to the miserable failure of the 3rd plan, the govt was forced to declare plan holidays (from 1966-67, 1967-68, 1968-69), the target growth rate was 5.6%, but the actual was 2.4%.
Question : 5
The period of plan holiday in India was
a) 1970 – 73
b) 1966 – 69
c) 1962 – 65
d) 1973 – 76
Answer »Answer: (b)
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 came to be called the ‘Plan Holiday extending from 1 April 1966 to 31 March 1969.
Question : 6
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 »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.
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