planning economic development & five year plans section 2 MCQ Questions & Answers Detailed Explanation

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.

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.

Answer: (c)

The major emphasis in the First Five Year plan was on the agriculture sector. At the time of the first plan (1951–56), India faced severe food shortages and inflation.

Accordingly, the first plan emphasized rapid agricultural development so as to achieve food self-sufficiency and control inflation. The target Growth rate was 201% annual GDP Achieved Growth Rate was 3.6% & the Net domestic product went up by 15%.

Answer: (b)

Answer: (a)

Due to the miserable failure of the 3^rd 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%.

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.