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
- 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
The correct answers to the above question in:
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%.
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Read more planning economic development five year plans Based Indian Economy Questions and Answers
Question : 1
Consider the following statements
- High growth will led to inflation.
- High growth will lead to deflation.
a) Only 2
b) Both 1 and 2
c) Only 1
d) Neither 1 nor 2
Answer »Answer: (c)
Typically, higher inflation is caused by strong economic growth. If Aggregate demand in an economy expanded faster than aggregate supply, we would expect to see a higher inflation rate.
If demand is rising faster than supply, then this suggests that economic growth is higher than the long-run sustainable rate of growth.
Question : 2
Which of the following can aid in furthering the government’s objective of inclusive growth?
- Promoting self-help group
- Promoting micro, small and medium enterprises
- Implanting the Rights to Education Act
a) 1 and 2
b) 2 and 3 both
c) 1 only
d) 1, 2 and 3 all
Answer »Answer: (d)
The governments objective of inclusive growth can be furthered by promoting self-help groups, promoting micro, small and medium enterprises and implementing the rights to education. This will improve employment opportunity, increase GDP, etc.
Question : 3
Which five year plan Infrastructure as an object of planning was emphasized?
a) Second Five Year Plan
b) First Five Year Plan
c) Sixth Five Year Plan
d) Third Five Year Plan
Answer »Answer: (c)
Question : 4
‘Planning from below’ is known as
a) Structural planning
b) Centralised planning
c) Functional planning
d) Decentralised planning
Answer »Answer: (d)
Question : 5
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 : 6
Basic objectives of Indian plans are
- 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
Answer »Answer: (c)
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