planning economic development & five year plans section 6 MCQ Questions & Answers Detailed Explanation

Question : 1

Which plan among the following declared its objective of selfreliance and zero net foreign aid?

a) Fifth Five Year Plan

b) Second Five Year Plan

c) Fourth Five Year Plan

d) Third Five Year Plan

Question : 2

Planning was considered a prerequisite :

1. For balanced socio-economic development
2. For extending the benefits of development in an even manner.
3. For focussing on removal of regional disparities
4. For maximizing the utilization of available resources

a) 1, 2 and 3

b) 2, 3 and 4

c) 1 and 2

d) All the above

Question : 3

With reference to the Finance Commission of India, which of the following statement is correct?

a) It ensures transparency in financial administration

b) It facilitates the proper distribution of finances among the public sector undertakings

c) None of the statements (A), (B) and (C) given is correct in this context

d) It encourage the inflow of foreign capital for infrastructure development

Question : 4

Who can become a part-time member of the Niti Aayog?

a) A Union Minister

b) A serving IAS officer

c) A serving IES officer

d) An expert from research institutes.

Question : 5

Which one of the following is not a recommendation of the Fourteenth Finance Commission?

a) Area under forest cover is an important variable in distribution of States’ share among States

b) Fiscal discipline is dropped as a variable in distribution of States share among States

c) Share of States in Central Divisible Pool is increased from 32 per cent to 42 per cent

d) Sector specific grant is recommended as in the previous Finance Commissions

Question : 6

Economic survey in India is published officially, every year by the

a) Planning Commission of India

b) Reserve Bank of India

c) Ministry of Industries, Government of India

d) Ministry of Finance, Government of India