planning economic development & five year plans section 3 MCQ Questions & Answers Detailed Explanation

Question : 1

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

Question : 2

Under which ‘Five Year Plan’ was the decision to establish a socialistic pattern of society taken?

a) Fourth Five Year Plan

b) First Five Year Plan

c) Third Five Year Plan

d) Second Five Year Plan

Question : 3

Which of the following best explains the stated broad vision and aspirations of the Twelfth Five Year Plan (2012-2017)?

a) Modernisation of Industries and Strengthening Infrastructure.

b) Enchancing Agricultural and Rural Incomes

c) Faster, Sustainable and More Inclusive Growth

d) Checking Inflation and Strengthening non-economic variables like Nutritional Requirements, Health and Family Planing

Question : 4

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

Question : 5

Match List I with list II.

a) 2 3 4 1

b) 4 3 1 2

c) 2 4 3 1

d) 1 3 2 1

Question : 6

Which of the following statements is/ are correct?

1. NIFTY is based upon 50 firms in India.
2. NIFTY is governed and regulated by the Reserve Bank of India.
3. NIFTY does not trade in mutual funds.

a) Only 2

b) Only 3

c) Only 1

d) 1 and 3