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

Answer: (b)

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).

Answer: (b)

First Plan – agriculture, irrigation and power projects

Third Plan – self-reliant and generating economy

Fifth Plan – growth with social justice

Twelfth Plan – sustainable inclusive growth

Answer: (c)

Dr C. Rangarajan mentioned in his report that access to finance by the poor and vulnerable groups is a prerequisite for poverty reduction and social cohesion. This has to become an integral part of our efforts to promote inclusive growth.

In fact, providing access to finance is a form of empowerment of vulnerable groups. Financial inclusion denotes the delivery of financial services at an affordable cost to the vast sections of the disadvantaged and low-income groups.

The various financial services include credit, savings, insurance and payments and remittance facilities. The objective of financial inclusion is to extend the scope of activities of the organised financial system to include within its ambit people with low incomes.

Through graduated credit, the attempt must be to lift the poor from one level to another so that they come out of poverty.

Answer: (c)

The main objective of the third Five Year Plan was to make the economy self-dependent. The third Five-Year Plan stressed agriculture and improvement in the production of wheat so as to be self-sufficient.

Thus during the planned period, the high yielding varieties programme (HYVP) was started in India to increase the yield of crops.

Answer: (a)

Bharat Nirman is a time-bound business plan for action in rural infrastructure.

Under Bharat Nirman, action is proposed in the areas of irrigation, rural housing, rural water supply, rural electrification and rural telecommunication connectivity.

The programme was targeted to be implemented over a period of four years but many of its schemes have been extended.

Answer: (c)