planning economic development & five year plans section 7 MCQ Questions & Answers Detailed Explanation

Question : 1

Consider the following statements regarding Indian planning:

1. The Discount and Finance House of India was set up in 1990.
2. The Discount and Finance House of India is a subsidiary of RBI.
3. DFHI deals with financing long-term loans.

a) 2 only

b) 1 and 2

c) 1 only

d) 1, 2 and 3

Question : 2

Which one of the following is not among the aims of the Second Five Year Plan (1956 - 57 to 1960 - 61)?

a) Large expansion of employment opportunities

b) Achieve self - sufficiency in food grains and increase agricultural production to meet the requirements of industry and exports

c) Rapid industrialization with particular emphasis on the development of basic and heavy industries

d) Reduction of inequalities in income and wealth and a more even distribution of economic power

Question : 3

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

a) 4 3 2 1

b) 1 2 3 4

c) 3 4 1 2

d) 1 2 4 3

Question : 4

Inclusive growth would necessitate :

a) Revival of agriculture

b) Increase availability of social services such as education and health.

c) Development of infrastructural facilities

d) All the above.

Question : 5

Which plan was suspended one year before the time schedule?

a) Third Plan (966-7)

b) First Plan (95-56)

c) Fifth Plan (974-79)

d) Sixth Plan (980-85)

Question : 6

Indian economy has witnessed highest growth rate in GDP in the year

a) 2005 – 06

b) 2004 – 05

c) 2003 – 04

d) 2006 – 07