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) The National Development Council
(b) The Union Cabinet
(c) NITI Aayog
(d) The parliament
The correct answers to the above question in:
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.
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Read more planning economic development five year plans Based Indian Economy Questions and Answers
Question : 1
Consider the following statements :
- In the 11th Five Year Plan, the growth rate of the export was always positive.
- In the middle of the 11th Five Year Plan, the import growth was negative due to external factors.
a) 1 only
b) Both 1 and 2
c) 2 only
d) Neither 1 nor 2
Answer »Answer: (c)
Regarding the 11th Five Year Plan, in the middle of the plan, the import growth was negative due to external factors and the growth rate of the export was negative during certain periods.
Question : 2
The Economic Planning Committee was established in the chairmanship of
a) Ramkrishna Mudaliyar
b) Dr. Rajendra Prasad
c) J.L. Nehru
d) K.C. Niyogi
Answer »Answer: (c)
After India gained independence, a formal model of planning was adopted, and the Planning Commission, was established on 15 March 1950, with Prime Minister Jawaharlal Nehru as the chairman.
Question : 3
Which among the following is the objective of Prime Minister RojgarYojana (PMRY)
- To provide self-employment to educated unemployed by setting up of sever lakh micro-enterprises
- To promote micro-enterprises and helping the rural poor into self-help group.
- To create employment and durable assets in rural areas.
- Improving the quality of life of people in rural areas.
a) 1 only
b) 3 only
c) 2 only
d) 4 only
Answer »Answer: (a)
The objective of Prime Minister Rojgar Yojana (PMRY) is to provide self-employment to educated unemployed by setting up of sever lakh microenterprises.
Question : 4
The term “Hindu rate of growth” refers to the 3.70% per annum growth rate achieved by the Indian economy over the first six Five -Year Plans” The term was coined by:
a) K.N. Raj
b) Raj Krishna
c) J.N. Bhagwati
d) Sukhamoy Chakravarty
Answer »Answer: (b)
The Hindu rate of growth is a derogatory term referring to the low annual growth rate of the planned economy of India before the liberalizations of 1991, which stagnated around 3.5% from 1950s to 1980s, while per capita income growth averaged 1.3%. The term was coined by Indian economist Raj Krishna.
Question : 5
_____ sector was the largest contributor to GDP during the Ninth Plan?
a) Trade
b) Manufacturing
c) Financial services
d) Information technology
Answer »Answer: (b)
Question : 6
The core slogan of Seventh Plan was
a) Community development programme
b) Food, work and productivity
c) Five percent growth rate of national income
d) Free education for all children
Answer »Answer: (b)
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