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) National Development Council (NDC)
(b) Union Council of Ministers
(c) Prime Minister
(d) Planning Commission
The correct answers to the above question in:
Answer: (a)
Practice Planning, Economic Development & Five year Plans (planning economic development & five year plans section 3) Online Quiz
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Read more planning economic development five year plans Based Indian Economy Questions and Answers
Question : 1
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
Answer »Answer: (d)
Question : 2
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
Answer »Answer: (c)
Question : 3
Which of the following statements is/are incorrect?
- Open Unemployment: It refers to unemployment that occurs at certain seasons of the year. The period of such unemployment varies from state to state, depending upon the methods of farming, the condition of the soil, the type and numbers of crops grown, etc.
- Frictional Unemployment: It refers to temporary unemployment that exists during the period, wherein workers leave one job and join some other.
- Cyclical Unemployment: It is associated with the downswing and depression phases 9 business cycle. It is the most common type of unemployment in the developed capitalist economies.
a) 1 only
b) 3 only
c) 2 only
d) 2 and 1
Answer »Answer: (a)
Seasonal Unemployment: It refers to unemployment that occurs at certain seasons of the year. The period of such unemployment varies from state to state, depending upon the methods of farming, the condition of the soil, the type and numbers of crops grown, etc.
Frictional Unemployment: It refers to temporary unemployment that exists during the period, wherein workers leave one job and join some other.
Cyclical Unemployment: It is associated with the downswing and depression phases 9 business cycle. It is the most common type of unemployment in the developed capitalist economies.
Question : 4
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 : 5
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 : 6
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
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