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
List I | List II |
(Five Year Plan) | (Emphasis) |
A. First | 1. Food security and women empowerment |
B. Second | 2. Heavy industries |
C. Fifth | 3. Agriculture and community development |
D. Ninth | 4. Removal of poverty |
(a) 1 2 4 3
(b) 3 2 4 1
(c) 1 4 2 3
(d) 3 4 2 1
The correct answers to the above question in:
Answer: (b)
- First Five Year Plan (1951-56)- Agriculture and community development
- Second Five Year Plan (1956-61)- Heavy Industry
- Fifth Five Year Plan (1974-79)- Removal of Poverty
- Ninth Five Year Plan (1997-2002)- Food Security and woman empowerment
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Read more planning economic development five year plans Based Indian Economy Questions and Answers
Question : 1
The distribution of finance between centre and states is done on the recommendation of
a) Reserve Bank of India
b) Finance Commission
c) NABARD
d) Finance Ministry
Answer »Answer: (b)
Question : 2
Consider the following statements :
- In the history of Indian planning, the actual growth rate of the GDP has never been higher than the targeted growth rate.
- In the first five year plan, the actual GDP growth rate was more than the targeted growth rate.
a) 2 only
b) Both 1 and 2
c) 1 only
d) Neither 1 nor 2
Answer »Answer: (a)
In the first Five Year Plan, the actual GDP growth rate was more than the targeted growth rate.
Question : 3
The natural rate of unemployment is likely to fall if:
a) income tax increases
b) unemployment benefits increase
c) geographical immobility increases
d) more training is available for the unemployed
Answer »Answer: (d)
Supply-side measures can be used to reduce the natural rate of unemployment. In this case training enables more employees to accept jobs thereby reducing the natural rate of unemployment.
Question : 4
Consider the following statements :
- In the 11th Five Year Plan, the growth rate of the agriculture sector was above 4%.
- In the 11th Five Year Plan, the agriculture sector contributed more than 25% to the overall GDP of India.
a) only 2
b) Both 1 and 2
c) only 1
d) Neither 1 nor 2
Answer »Answer: (d)
In the 11th Five Year Plan, the growth rate of the agriculture sector was 3.3% and the agriculture sector contributed 15.2 % to the overall GDP of the country.
Thus Both the given statements regarding the 11th Five Year Plan are not correct.
Question : 5
The Government of India has established NITI Aayog to replace the
a) Finance Commission
b) Human Rights Commission
c) Planning Commission
d) Law Commission
Answer »Answer: (c)
The Government of India has established NITI Aayog to replace the Planning Commission.
The Union Government of India announced the formation of NITI Aayog on January 205 and the first meeting of NITI Aayog was held on 8 February 205.
Question : 6
Whose objective is to facilitate credit support to poor women for this socio-economic upliftment.
a) RashtriyaMahilaKosh
b) Village Grain Bank Scheme
c) National Rural Health Mission
d) Annapurna Scheme
Answer »Answer: (a)
The objective of Rashtriya Mahila Kosh is to facilitate credit support to poor women for this socioeconomic upliftment.
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