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

Questions : Consider the following statements:
  1. The Ninth Five Year Plan was launched in the 50th year of India’s independence.
  2. For the 1st 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) 2 only

(b) 1 and 2 both

(c) 1 only

(d) None

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 1st 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

Which of the following areas has been excluded, by the Ministry of Corporate Affairs, from the ambit of Corporate Social Responsibility (CSR) activities?

a) contributions made ‘directly or indirectly’ to any political party.

b) promoting preventive health care and sanitation.

c) livelihood enhancement and rural development projects.

d) making safe drinking water available would be considered as CSR activities.

Answer: (a)

Question : 2

‘Inclusive growth’ is a phrase used in India’s

  1. 9th Plan
  2. 10th Plan
  3. 11th Plan
  4. 12th Plan
Select the correct answer using the codes given below.

a) 1, 2 and 3

b) 3 and 4

c) 2 and 4

d) Only 4

Answer: (b)

Inclusive growth is a phrase used in India for 11th (2007-2012) and 12th (2012-2017) Five year plans.

Question : 3

Consider the following prerequisites for planning. It is

  1. For balanced socio-economic development.
  2. For extending the benefits of development in an even manner.
  3. For focusing on removal of regional disparities.
  4. For maximising the utilisation of available resources of these.

a) 1, 2, 3 and 4 are correct

b) Only 1 and 2 are correct

c) Only 2, 3 and 4 are correct

d) Only 1, 2 and 3 are correct

Answer: (a)

Question : 4

The slogan of ‘poverty abolition’ was given in which Five Year Plan?

a) Fifth plan

b) Fourth plan

c) Second plan

d) Sixth plan

Answer: (a)

The slogan of ‘poverty abolition’ was given by Indira Gandhi in 1971 and it was implemented during the Fifth Five Year Plan 1974–79.

Gandhi promised to reduce poverty by targeting the consumption levels of the poor and enact wide-ranging social and economic reforms.

Question : 5

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: (d)

Question : 6

Consider the following statements regarding Indian planning.

  1. The second five year plan emphasized on the establishment of heavy industries.
  2. The third five year plan aimed to achieve self-sufficiency in foodgrains and increase agricultural production to meet the requirements of industry and exports.
Which of the statements given above is/are correct?

a) 2 only

b) Both 1 and 2

c) 1 only

d) Neither 1 nor 2

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.

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