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

Question : 1

Match List-I with List-II and select the correct answer from the codes given below –

a) 3 4 1 2

b) 1 2 3 4

c) 4 3 2 1

d) 1 2 4 3

Question : 2

Which of the following is/are among the noticeable features of the recommendations of the Thirteenth Finance Commission?

1. A design for the goods and services tax and a compensation package linked to adherence to the proposed design.
2. A design for the creation of lakhs of jobs in the next ten years in consonance with India’s demographic dividend.
3. Development of a specified share of central taxes to local bodies as grants.

a) 1 and 3

b) 2 and 3

c) 1, 2 and 3

d) Only 1

Question : 3

Consider the following statements :

1. The Ninth Five Year Plan was launched in the 50th year of India’s independence.
2. For the first time in the Indian economy the GDP growth rate of the Ninth Five Year Plan was set at 7%.

a) 2 only

b) Both 1 and 2

c) 1 only

d) Neither 1 nor 2

Question : 4

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 : 5

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 : 6

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