planning economic development & five year plans section 3 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) Type-B : situated closed to urban area but with sparsely spread infrastructure and connectivity
(b) Type-C : located very closed to urban area with highly developed infrastructure
(c) Type-A : situated far interior with no infrastructure facilities at all.
(d) None of the above
The correct answers to the above question in:
Answer: (a)
PURA is classified into three different categories.
Type-A: situated close to urban areas but has sparsely spread infrastructure and no connectivity.
Type-B: situated close to urban areas but with sparsely spread infrastructure and no connectivity.
Type-C: located far interior with no infrastructure.
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Read more planning economic development five year plans Based Indian Economy Questions and Answers
Question : 1
Which of the following statements is/ are correct?
- NIFTY is based upon 50 firms in India.
- NIFTY is governed and regulated by the Reserve Bank of India.
- NIFTY does not trade in mutual funds.
a) Only 2
b) Only 3
c) Only 1
d) 1 and 3
Answer »Answer: (d)
NIFTY is an Index computed from the performance of top stocks from different sectors listed on NSE (National stock exchange). NIFTY consists of 50 companies from 24 different sectors.
Indian Capital Markets are regulated and monitored by the Ministry of Finance, The Securities and Exchange Board of India and The Reserve Bank of India. It does not trade in mutual funds.
Question : 2
Match List I with list II.
List I | List II |
(Five Year Plan) | (Objective) |
A. First Plan | 1. Growth with social justice |
B. Third Plan | 2. Sustainable inclusive growth |
C. Fifth Plan | 3. Self-reliant and generating economy |
D. Twelfth Plan | 4. Agriculture, irrigation |
a) 2 3 4 1
b) 4 3 1 2
c) 2 4 3 1
d) 1 3 2 1
Answer »Answer: (b)
First plan – agriculture, Irrigation and power projects
Third Plan – self reliance and generating economy
Fifth Plan – growth with social justice
Twelfth plan – sustainable inclusive growth
Question : 3
Eleventh Five Year Plan emphasised on
a) Faster, Sustainable and more inclusive growth
b) Economic Growth Social Justice
c) Faster and more inclusive growth
d) Economic Growth and Human Development
Answer »Answer: (c)
Question : 4
From which one of the following enshrined in the constitution, the planning of India derives its objectives and social premises?
a) Fundamental Duties
b) Directive Principles of State Policy
c) Fundamental Rights
d) None of the above
Answer »Answer: (b)
The planning of India derives its objectives and social premises followed by the Directive Principles of State Policy. The Directive Principles of State Policy are guidelines to the central and state governments, to be kept in mind while framing laws and policies.
These provisions, contained in Part IV of the Constitution of India, are not enforceable by any court, but the principles laid down therein are considered fundamental in the governance of the country.
Question : 5
Indicative planning
a) is a method of controlling the
b) replaces the market system
c) can work only when capital account convertibility operates works through the market
d) economy by setting short term goals
Answer »Answer: (c)
Question : 6
National Planning Committee was set up by
a) L.B. Shastri
b) Jawahar Lal Nehru
c) S. Bose
d) A. Dalal
Answer »Answer: (c)
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