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

Question : 1

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 : 2

Which of the following statements is/are incorrect?

1. 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.
2. Frictional Unemployment: It refers to temporary unemployment that exists during the period, wherein workers leave one job and join some other.
3. 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

Question : 3

In the context of Indian Five Year Plans, a shift in the pattern of industrialization, with lower emphasis of heavy industries and more on infrastructure being in :

a) Sixth plan

b) Eighth plan

c) Fourth plan

d) Tenth plan

Question : 4

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 : 5

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

Question : 6

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