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

Answer: (a)

Answer: (d)

The Antyodaya Anna Yojana, an important milestone in providing foodgrains to the poor was launched on December 25, 2000. It contemplated providing 25 kg. of foodgrains per month at highly subsidized rates of Rs. 2 per kg. for wheat and Rs. 3 per kg. for rice to each Antodaya family. The total number of families to be covered under this scheme was placed at one crore.

Antyodaya Anna Yojana has started in six States - Himachal Pradesh, Rajasthan, Madhya Pradesh, Chhattisgarh, Andhra Pradesh, Uttar Pradesh and the UT of Dadra & Nagar Haveli. About 36 lakh families in these States have been identified and are being given distinctive Antyodaya ration cards.

It is expected that by April end this year the Antyodaya Anna Yojana would start in most of the States. The annual requirement of food grains for Antyodaya families would be 30 lakh tonnes. The total subsidy on Antyodaya Anna Yojana for a full year will be Rs. 2315 crore.

Answer: (a)

The Bombay Plan is the name commonly given to a set of proposals for the development of the post-independence economy of India.

The plan was published in 1944 by eight leading industrialists Jehangir Ratanji Dadabhoy Tata, Ghanshyam Das Birla, Ardeshir Dalal, Sri Ram, Kasturbhai Lalbhai, Ardeshir Darabshaw Shroff, Sir Purshottamdas Thakurdas and John Mathai.

It proposed state intervention in the economic development of the nation after independence.

Answer: (c)

Answer: (b)

Inclusive growth is a phrase used in India for 11th (2007-2012) and 12th (2012-2017) Five year plans.

Answer: (c)

Quantitative easing is distinguished from standard central banking monetary policies, which usually targets the interbank interest rate. When interest rates have been lowered to nearly zero (because of either deflation or extremely low money demand), when a large number of non-performing or defaulted loans prevent further lending (money supply growth) by member banks, and when the main systemic risk is a recession or depression because banks cannot lend any more money, then central banks need to implement a new set of tactics. These are known as quantitative easing.

The central bank may enact quantitative easing by purchasing a predetermined quantity of bonds or other assets from financial institutions without reference to the interest rate.

The goal of this policy is to increase the money supply rather than to decrease the interest rate, which cannot be decreased further. This is often considered a last resort to stimulate the economy.