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) Fourth Plan
(b) Fifth Plan
(c) Eighth Plan
(d) Second Plan
The correct answers to the above question in:
Answer: (c)
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Read more planning economic development five year plans Based Indian Economy Questions and Answers
Question : 1
When economic development takes place
a) Market imperfections increase
b) Commercialisation decreases
c) Specialisation increases
d) None of the above
Answer »Answer: (c)
When economic development takes place, specialisation increases. Economic development typically involves improvements in a variety of indicators such as literacy rates, life expectancy, and poverty rates.
GDP does not take into account other aspects such as leisure time, environmental quality, freedom, or social justice; alternative measures of economic well-being have been proposed.
Essentially, a country’s economic development is related to its human development, which encompasses, among other things, health and education.
These factors are, however, closely related to economic growth so that development and growth often go together.
Question : 2
Consider the following statements regarding Indian planning.
- The second five year plan emphasized on the establishment of heavy industries.
- The third five year plan aimed to achieve self-sufficiency in foodgrains and increase agricultural production to meet the requirements of industry and exports.
a) 2 only
b) Both 1 and 2
c) 1 only
d) Neither 1 nor 2
Answer »Answer: (b)
The Second Five Year Plan heralded in a true sense the Socialist Project of the then Prime Minister, Jawaharlal Nehru.
The economic policies of Nehru were heavily influenced by the erstwhile Union of Soviet Socialist Republics (USSR) which had followed the path of speedy industrialisation to expand the manufacturing base of its economy.
The Second Five year Plan focused mainly on heavy industry as against the First Plan which was essentially an agricultural plan.
This was done to boost domestic production and manufacturing of goods. The third plan aimed to achieve self-sufficiency in foodgrains and to increase agricultural production to meet the requirements of industry and exports.
Question : 3
In the context of India’s Five Year Plans, a shift in the pattern of Industrialisation, with lower infrastructure begins in
a) Tenth Plan
b) Fourth Plan
c) Eighth Plan
d) Sixth Plan
Answer »Answer: (d)
Question : 4
In which of the following Five Year Plan, the High Yielding Varieties Programme (HYVP) was started in India?
a) Second Five Year Plan
b) Third Five Year Plan
c) First Five Year Plan
d) Fourth Five Year Plan
Answer »Answer: (b)
The main objective of the third five-year plan was to make the economy self-dependent. The Third Five-year Plan stressed agriculture and improvement in the production of wheat so as to be self-sufficient.
Thus during the planned period, the high yielding varieties programme (HYVP) was started in India to increase the yield of crops.
Question : 5
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 : 6
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.
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