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) community, social, and personal services
(b) electricity, gas, and water
(c) transport, storage, and communication
(d) finance, insurance, and real estate
The correct answers to the above question in:
Answer: (a)
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Read more planning economic development five year plans Based Indian Economy Questions and Answers
Question : 1
Scheme ______ is a Government of India program aimed at providing 24x7 uninterrupted power supply to all homes in Rural India
- Deendayal Disabled Rehabilitation Scheme
- Deen Dayal Upadhyaya Gram JyotiYojana
- Digital IndiaProgramme
a) 1 only
b) 3 only
c) 2 only
d) 2 and 3
Answer »Answer: (c)
Deen Dayal Upadhyaya Gram Jyoti Yojana is a Government of India program aimed at providing 24x7 uninterrupted power supply to all homes in Rural India. It was launched in 2015.
Question : 2
Which one of the following is correct about the Twelfth Five Year Plan recently approved by the Indian Government?
a) 12th Five Year Plan aims to grow GDP at the rate of 10%.
b) 12th Five Year Plan aims to sustain the inclusive growth which started in 11th plan.
c) 12th Five Year Plan of Indian Economy is from 2011 to 2016.
d) Both (b) and (c) are correct about the 12th Five Year Plan.
Answer »Answer: (b)
The Twelfth Five Year Plan approved by the government aims to sustain the inclusive growth which started in 11th plan. 12th Five Year Plan is from 2012 to 2017 and it aims to grow GDP at the rate of 9%.
Question : 3
During which Five Year Plan, the price level in Indian economy showed a decline?
a) Plan II
b) Plan IV
c) Plan I
d) Annual plans
Answer »Answer: (c)
During first Five Year Plan (1951–56) the price level in Indian economy showed a decline because of rapid agricultural development and measures to control inflation as there was disequilibrium due to second world war and partition of economy.
Question : 4
Consider the following statements :
- MNREGA was launched in the 11th five-year plan.
- Indira Awas Yojana was launched in the 9th Five Year Plan.
a) only 2
b) Both 1 and 2
c) only 1
d) Neither 1 nor 2
Answer »Answer: (d)
The Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) is an Indian law that aims to guarantee the ‘right to work’ and ensures livelihood security in rural areas by providing at least 100 days of guaranteed wage employment in a financial year to every household whose adult members volunteer to do unskilled manual work. MNREGA was launched in 200 select districts in 2006.
However, Indira Awas Yojana was launched in the Year 1996.
Question : 5
Consider the following statements about the second Five Year Plan :
- Priorities were given in the production of iron and steel and heavy engineering and machine building industries.
- Strengthening the oil exploration and coal in India.
a) 2 only
b) Both 1 and 2
c) 1 only
d) Neither 1 nor 2
Answer »Answer: (b)
According to the Second Five Year Plan the priorities were given in the production of iron and steel and heavy engineering and also to strengthen the oil exploration and coal.
Question : 6
During which plan was the National Bank for Agriculture and Rural Development (NABARD) established to facilitate the rural credit and agriculture development?
a) Fifth Five Year Plan
b) Sixth Five Year Plan
c) Third Five Year Plan
d) Eighth Five Year Plan
Answer »Answer: (b)
National Bank for Agriculture and Rural Development (NABARD) is an apex development bank in India having headquarters in Mumbai.
It was established on 12 July 1982 in the sixth five-year plan by a special act by the Parliament and its main focus was to uplift rural India by increasing the credit flow for elevation of agriculture and rural non-farm sector.
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