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) Ninth Five Year Plan
(b) Tenth Five Year Plan
(c) Eighth Five Year Plan
(d) Eleventh Five Year Plan
The correct answers to the above question in:
Answer: (c)
The growth performance of the agriculture sector has been fluctuating across the plan periods. It witnessed a growth rate of 4.8 per cent during the Eighth plan period (1992–97).
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Question : 1
Consider the following statements
- Food for Work Programme was launched in India during the 10th Five Year Plan.
- The Planning commission in India is a constitutional body.
a) Only 2
b) Both 1 and 2
c) Only 1
d) Neither 1 nor 2
Answer »Answer: (c)
According to The National Food for Work Programme, food subsidy should be better targeted through the targeted public distribution systems and specific programmes for the poor like the Food for Work Programme.
The National Food for Work Programme was launched on 14 November 2004 in 150 of the most backward districts of India with the objective of generating supplementary wage employment. The Planning commission is not a constitutional body.
Question : 2
The difference between Niti Aayog and Yojana Aayog is as follows:
- In Niti Aayog there are 3 full-time members while Yojana Aayog has 8 members.
- NITI is a think-tank and does not have the power to impose policies while Yojana imposes policies on states and tied allocation of funds with projects it approved.
- NITI has the power to allocate funds while Yojana doesn’t.
a) 1 and 2
b) 2 and 3
c) 1 and 3
d) 1, 2 and 3
Answer »Answer: (a)
Question : 3
Consider the following statements regarding Indian Planning:
- The Second Five-Year Plan emphasized on the establishment of heavy industries.
- The Third Five-Year Plan introduced the concept of import substitution as a strategy for industrialization.
a) 1 only
b) Both 1 and 2
c) 2 only
d) Neither 1 nor 2
Answer »Answer: (a)
Second Five-Year Plan (1956-1961);
The fourth Five-Year Plan (1969-74) introduced the concept of import substitution as a strategy for industrialization.
Question : 4
Economic planning is in
a) Concurrent list
b) State list
c) Union list
d) Not any specified list
Answer »Answer: (a)
The Concurrent List or List-III is a list of 47 items given in Part XI of the Constitution of India, concerned with relations between the Union and States. Economic planning is specified in Concurrent list.
Question : 5
National Development Council is concerned with
a) approving and assessing major development projects in India
b) implementing state plans
c) implementing community development programmes
d) approval of five-year plans
Answer »Answer: (d)
Question : 6
Which one of the following economists proposed the LPG model of economic development in India?
a) Manmohan Singh
b) K.V. Kamath
c) Y.B. Reddy
d) None of these
Answer »Answer: (a)
The economy of India had undergone significant policy shifts at the beginning of the 1990s. This new model of economic reforms is commonly known as the LPG or Liberalization, Privatization and Globalization model.
LPG model of economic development in India was proposed by Dr Manmohan Singh, economist and finance minister at that time.
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