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
(a) Computer hardware
(b) Assisting and evaluating rural welfare programmes
(c) Controlling pollution in big industries
(d) Consultant service of export promotion
The correct answers to the above question in:
Answer: (b)
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
Consider the following statement regarding usual status
- One year
- Indefinite
- One month
- One week
a) 1 only
b) 3 only
c) 2 only
d) 4 only
Answer »Answer: (a)
Usual status (US) unemployment is calculated with reference to a period of one year.
Question : 2
The rationale given in the first plan for state intervention in the industrial sector was that:
a) state alone can ensure decentralization of wealth
b) private sector was inefficient
c) the commanding heights of the economy should be in the public sector
d) private sector was neither willing nor capable of investing in certain sectors
Answer »Answer: (d)
Question : 3
Which of the following experienced the fastest expansion during the plan in India?
a) Services
b) Industry
c) Agriculture
d) None of these
Answer »Answer: (a)
The service sector experienced the fastest expansion during the plan in India which was predominantly an agricultural economy at the time of independence.
It includes:
- telecommunication,
- hospitality industry/tourism,
- mass media,
- healthcare/hospitals,
- information technology,
- banking,
- insurance,
- investment management,
- accountancy,
- legal services,
- consulting,
- retail sales,
- real estate, and
- education.
Currently, the maximum contribution to national income comes from the service sector which contributes around 60%.
Question : 4
In which five year plan self reliance as an object of planning was emphasized?
a) Second Five Year Plan
b) First Five Year Plan
c) Fourth Five Year Plan
d) Third Five Year Plan
Answer »Answer: (c)
Question : 5
Which one of the following Five Year Plans recognised human development as the core of all development efforts?
a) The Eighth Five Year Plan
b) The Third Five Year Plan
c) The Sixth Five Year Plan
d) The Fifth Five Year Plan
Answer »Answer: (a)
Question : 6
____ Plan had the fastest growth rate.
a) Fifth
b) First
c) None
d) Sixth
Answer »Answer: (b)
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