planning economic development & five year plans section 4 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
- economic growth
- self-reliance
- employment generation
- population growth
(a) 1, 2 and 4
(b) 2 and 3
(c) 1, 2 and 3
(d) 1, 2, 3 and 4
The correct answers to the above question in:
Answer: (c)
Practice Planning, Economic Development & Five year Plans (planning economic development & five year plans section 4) Online Quiz
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Read more planning economic development five year plans Based Indian Economy Questions and Answers
Question : 1
The slogan of ‘poverty abolition’ was given in which Five Year Plan?
a) Sixth Plan
b) Second Plan
c) Fifth Plan
d) Fourth Plan
Answer »Answer: (c)
Question : 2
‘Planning from below’ is known as
a) Structural planning
b) Centralised planning
c) Functional planning
d) Decentralised planning
Answer »Answer: (d)
Question : 3
Consider the following statements :
- The Ninth Five Year Plan was launched in the 50th year of India’s independence.
- For the first time in the Indian economy the GDP growth rate of the Ninth Five Year Plan was set at 7%.
a) 1 only
b) Both 1 and 2
c) 2 only
d) Neither 1 nor 2
Answer »Answer: (b)
The Ninth Five Year Plan was launched in the 50th year of India’s independence. Under the plan for the first time in the Indian Economy the GDP growth rate was set at 7%.
Question : 4
‘Pradhan Mantri Jan-Dhan Yojana’ has been launched for
a) promoting women’s Self-Help Groups in backward areas
b) providing housing loan to poor people at cheaper interest rates
c) providing financial help to the marginalized communities
d) promoting financial inclusion in the country
Answer »Answer: (d)
Pradhan Mantri Jan-Dhan Yojana (PMJDY) is National Mission for Financial Inclusion to ensure access to financial services, namely, Banking/ Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner.
Question : 5
In India, planned economy is based on
a) Mixed Economy System
b) Gandhian System
c) Capitalist System
d) Socialist System
Answer »Answer: (a)
Question : 6
Which among the following Five Year Plans of the Indian Economy adopted the indicative planning model?
a) Sixth Five Year Plan
b) Eight Five Year Plan
c) Fourth Five Year Plan
d) Tenth Five Year Plan
Answer »Answer: (b)
During the Eighth Five Year Plan, the Indian Economy adopted the indicative planning model.
Indicative planning is a form of economic planning implemented by a state in an effort to solve the problem of imperfect information in the market and mixed economies in order to increase economic performance.
When utilizing indicative planning, the state employs “influence, subsidies, grants, and taxes.
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