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
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
The correct answers to the above question in:
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
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Question : 1
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 : 2
During which plan was the National Bank for Agriculture and Rural Development (NABARD) established to facilitate the rural credit and agriculture development?
a) Fifth Five Year Plan
b) Sixth Five Year Plan
c) Third Five Year Plan
d) Eighth Five Year Plan
Answer »Answer: (b)
National Bank for Agriculture and Rural Development (NABARD) is an apex development bank in India having headquarters in Mumbai.
It was established on 12 July, 1982 in sixth five-year plan by a special act by the Parliament and its main focus was to uplift rural India by increasing the credit flow for elevation of agriculture and rural non-farm sector.
Question : 3
Which was the final authority in India to approve Five Year Plans?
a) National Development Council (NDC)
b) Union Council of Ministers
c) Prime Minister
d) Planning Commission
Answer »Answer: (a)
Question : 4
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 : 5
Which one of the following matching of village clusters of the PURA-model is correct?
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
Answer »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.
Question : 6
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.
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