planning economic development & five year plans section 7 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

Questions : 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.
Which of the statements given above is/are correct?

(a) 2 only

(b) 1 and 2

(c) 1 only

(d) 1, 2 and 3

The correct answers to the above question in:

Answer: (a)

The Discount and Finance House of India was set up in 1988 by the Reserve Bank of India to help develop the money market in India.

DFHI deals with treasury bills of different maturities and rediscount short-term commercial bills.

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Read more planning economic development five year plans Based Indian Economy Questions and Answers

Question : 1

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

Answer: (b)

The third five year plan (1961-1966) had objective to increase wheat production and other agricultural products.

Question : 2

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

List I List II
A. Sarva Shiksha Abhiyan  1. 1987
B. Saakshar Bharat Mission  2. 1988
C. Operation Blackboard 3. 2001
D. National Literacy Mission  4. 2009

a) 4 3 2 1

b) 1 2 3 4

c) 3 4 1 2

d) 1 2 4 3

Answer: (c)

  • Sarva Shiksha Abhiyan, 2001;
  • Saakshar Bharat Mission, 2009;
  • Operation Blackboard, 1987 and
  • National Literacy Mission, 1988.

Question : 3

Which of the following is/are not features of the Digital India programme initiated by the Government recently:

  1. Broadband connectivity at village level
  2. improved access to services through IT-enabled platforms
  3. increased indigenous production of IT hardware and software for exports and improved domestic availability
  4. supply of computers free of cost to rural youths above 21 years in selected districts

a) 1 and 4 only

b) 4 only

c) 2 only

d) 3 only

Answer: (b)

Digital India is an initiative of the Government of India to integrate the government departments and the people of India. It aims at ensuring the government services are made available to citizens electronically by reducing paperwork. The initiative also includes a plan to connect rural areas with high-speed internet networks.

Digital India has three core components. These include the creation of digital infrastructure, delivering services digitally and digital literacy. It aims to supply computers free of cost to rural youths above 21 years in selected districts.

Question : 4

Consider the following statements regarding Indian Planning.

  1. The Second Five Year Plan emphasised on the establishment of heavy industries.
  2. The Third Five Year Plan introduced the concept of import substitution as a strategy for industrialisation.
Which of the statement(s) given above is/are correct?

a) Neither 1 nor 2

b) Only 1

c) Both 1 and 2

d) Only 2

Answer: (c)

Question : 5

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.

Answer: (d)

Inclusive growth is a concept that involves the equitable allocation of resources during the process of economic growth with benefits incurred by every section of society.

Inclusive growth necessitates the development of infrastructural facilities, the revival of agriculture and also increases the availability of social services such as education and health.

Question : 6

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)

Answer: (c)

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