planning economic development & five year plans section 6 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) Industry
(b) Services
(c) Agriculture
(d) None of these
The correct answers to the above question in:
Answer: (b)
The service sector experienced the fastest expansion during the plan in India which was predominantly an agricultural economy at the time of independence.
It includes:
- telecommunication,
- hospitality industry/tourism,
- mass media,
- healthcare/hospitals,
- information technology,
- banking,
- insurance,
- investment management,
- accountancy,
- legal services,
- consulting,
- retail sales,
- real estate, and
- education.
Currently, the maximum contribution to national income comes from the service sector which contributes around 60%.
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Read more planning economic development five year plans Based Indian Economy Questions and Answers
Question : 1
Consider the following statements :
- Jawahar Rozgar Yojana was launched in the Seventh Five Year Plan.
- Small-scale and food processing industries were given new impetus in Seventh Five Year Plan.
a) 2 only
b) Both 1 and 2
c) 1 only
d) Neither 1 nor 2
Answer »Answer: (b)
Jawahar Rozgar Yojna was launched on April 1, 1989, by merging National Rural Employment Program (NREP) and Rural Landless Employment Guarantee Programme (RLEGP).
In Seventh Five Year Plan the smallscale and food processing industries were given new impetus as the plan laid stress on improving the productivity level of industries by upgrading technology.
Question : 2
Consider the following statements :
- LPG model of the Indian Economy was fully implemented in the Eighth Five Year plan.
- The Eighth plan envisaged an annual average growth rate of 5.6% but the real growth rate was 6.8%.
a) only 2
b) Both 1 and 2
c) only 1
d) Neither 1 nor 2
Answer »Answer: (b)
The economy of India had undergone significant policy shifts at the beginning of the 1990s at the time of the eighth plan. This new model of economic reforms is commonly known as the LPG or Liberalization, Privatization and Globalization model.
LPG model of economic development in India was proposed by Dr Manmohan Singh, economist and finance minister at that time.
Moreover, the Eighth plan envisaged an annual average growth rate of 5.6% but the real growth rate was 6.8%.
Question : 3
Who among the following works as Ex-officio secretary of National Development Council?
a) Vice Chairman of Planning Commission
b) Secretary of Finance Ministry
c) Secretary of Planning & Implementation Ministry Secretary of Planning Commission
d) Secretary of Planning Commission
Answer »Answer: (d)
Question : 4
Match List I with List II and select the correct answer using the codes given below the list
List I | List II |
(Plan model) | (Proposer) |
A. Bombay plan | 1. Jai Prakash Narayan |
B. Gandhian plan | 2. M N Roy |
C. People’s plan | 3. Sriman Narayan |
D. Sarvodaya plan | 4. Birla and Tata Groups |
a) 2 3 4 1
b) 4 2 3 1
c) 2 4 3 1
d) 4 3 2 1
Answer »Answer: (d)
The Bombay Plan is the name commonly given to a World War II era consisting of a set of proposals for the development of the post-independence economy of India.
The plan, published in 1944/1945 was endorsed by eight leading Indian industrialists including Tata & Birla Group.
Shri Shriman Narayan was a renowned interpreter of Gandhian economic thought whose “Gandhian plan for Economic Development for India’’ was published as early as 1944. In 1944, Roy published the People’s Plan for Economic Development of India.
Sarvodaya plan was given by Jai Prakash Narayan for the upliftment of all.
Question : 5
Which one of the following Five Years Plan of India focused on ‘Growth with Social Justice and Equity’?
a) Fifth Five Year Plan
b) Ninth Five Year Plan
c) Fourth Five Year Plan
d) Third Five Year Plan
Answer »Answer: (b)
Question : 6
In the context of the food and nutritional security of India, enhancing the ‘Seed Replacement Rates’ of various crops helps in achieving the food production targets of the future. But what is/are the constraints/ constraints in its wider/greater implementation?
- There is no National Seeds Policy in place
- There is no participation of private sector seed companies in the supply of quality seeds of vegetables and planting materials of horticultural crops
- There is a demand-supply gap regarding quality seeds in case of low value and high volume crops
a) 3 only
b) 2 and 3
c) 1 and 2
d) none
Answer »Answer: (a)
A low seed replacement rate (SRR) is one of the main reasons for low productivity in India but the realisation has finally dawned on farmers in the agrarian state.
SRR is a measure of how much of the total area of the crop has been sown with certified, quality seeds rather than farm-saved seeds.
However, the present supply of the best quality of developed seed is not adequately available so there is a demand-supply gap regarding quality seeds. Agricultural development is a major characteristic of India.
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