planning economic development & five year plans section 5 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) The labour force would be smaller and the unemployment rate would be higher.
(b) The labour force would be smaller and the unemployment rate would be lower.
(c) The labour force would be smaller and there would be no change in the unemployment rate.
(d) There would be no change in the labour force and the unemployment rate would be higher.
The correct answers to the above question in:
Answer: (a)
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Read more planning economic development five year plans Based Indian Economy Questions and Answers
Question : 1
The second five year plan was based on
a) Nehruvian Model
b) P.C. Mahalnobis Model
c) None of these
d) Harro-Domar Model
Answer »Answer: (b)
The second five-year plan was based on P.C. Mahalanobis Model.
The Mahalanobis model is a Neo-Marxist model of economic development, created by statistician Prasanta Chandra Mahalanobis in 953.
Mahalanobis became essentially the key economist of India’s Second Five Year Plan.
Question : 2
The Rural infrastructure fund set up in 1995 – 96, is maintained by the
a) NABARD
b) State Bank of India
c) Reserve Bank of India
d) Regional Rural Bank
Answer »Answer: (a)
The rural infrastructure fund was set up by the Government in 1995–96 for financing ongoing rural Infrastructure projects.
The Fund is maintained by the National Bank for Agriculture and Rural Development (NABARD).
Domestic commercial banks contribute to the fund to the extent of their shortfall in stipulated priority sector lending to agriculture.
Question : 3
Which of the following programmes is specially directed towards helping women in difficult circumstances or in distress?
a) Swayamsiddha
b) Swadhar
c) Rashtriya Mahila Kosh
d) Mahila Samriddhi Yojana
Answer »Answer: (b)
Question : 4
The planning process in the industrial sector in India has assumed a relatively less important position in the nineties as compared to that in the earlier period.
Which one of the following is not true in this regard?
a) The nation’s priorities have shifted away from industrial development to rural development
b) With the advent of liberalisation, industrial investments / developments have largely been placed within the domain of private and multinational sector
c) The focus of planning has shifted to sectors like human, resource development, infrastructure, population control and welfare
d) With markets assuming a central place, the role of central planning in many sector has been rendered redundant
Answer »Answer: (a)
Question : 5
Which of the following is/are correct?
- Bulk of unemployment in India is in rural areas.
- The disguised unemployment in agricultural sector is perennial.
- Industrialization has rendered several people jobless in India.
a) 1 and 2
b) 1 only
c) 1, 2 and 3
d) 2 and 3
Answer »Answer: (c)
Question : 6
The Five Year Plan that terminated one year before the scheduled period is
a) Fifth Five Year Plan
b) Second Five Year Plan
c) Fourth Five Year Plan
d) Third Five Year Plan
Answer »Answer: (a)
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