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

Questions : Which of the following can aid in furthering the government’s objective of inclusive growth?
  1. Promoting self-help group
  2. Promoting micro, small and medium enterprises
  3. Implanting the Rights to Education Act
Select the correct answer using the codes given below:

(a) 1 and 2

(b) 2 and 3 both

(c) 1 only

(d) 1, 2 and 3 all

The correct answers to the above question in:

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.

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Read more planning economic development five year plans Based Indian Economy Questions and Answers

Question : 1

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: (c)

Question : 2

Consider the following facts about the Centre’s Rural Connectivity Scheme

  1. MGNREGA beneficiaries will get a cellular phone and a connection by paying a one-time fee of Rs. 300.
  2. Free recharge of Rs. 30 will be provided by the BSNL on the first day of every month for two years.
  3. The recharge will entitle them to a 30 minute talk time, 30 SMS text messages and 30 MB of data usage.
  4. The mobile handset and connection will be provided to women in eligible families.
The correct answer is

a) I and III

b) I, II and III

c) Only I and II

d) I, II, III and IV

Answer: (d)

Question : 3

____ Plan had the fastest growth rate.

a) Fifth

b) First

c) None

d) Sixth

Answer: (b)

Question : 4

Consider the following statements

  1. High growth will led to inflation.
  2. High growth will lead to deflation.
Which of the statements given above is/are correct?

a) Only 2

b) Both 1 and 2

c) Only 1

d) Neither 1 nor 2

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 : 5

Consider the following statements :

  1. The Ninth Five Year Plan was launched in the 50th year of India’s independence.
  2. For the first time in the Indian economy the GDP growth rate of the Ninth Five Year Plan was set at 7%.
Which of the statements given above is/are correct?

a) 1 only

b) Both 1 and 2

c) 2 only

d) Neither 1 nor 2

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 : 6

‘Planning from below’ is known as

a) Structural planning

b) Centralised planning

c) Functional planning

d) Decentralised planning

Answer: (d)

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