Planning Economic Development & Five Year Plans Section 1 Practice Questions Answers Test With Solutions & More Shortcuts

Question : 6

The slogan of ‘poverty abolition’ was given in which Five Year Plan?

a) Fourth plan

b) Fifth plan

c) Second plan

d) Sixth plan

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Question : 7

Consider the following statements :

1. The state sets broad parameters and goals for the economy.
2. The targets to be achieved are broadly set by the state.
3. The plan is made for a specific time period of about 15 years.

Which of the statements given above is/are correct about the Indicative planning?

a) 1, 2 and 3

b) 1 and 3

c) 1 and 2

d) only 1

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Question : 8

Consider the following statements

1. Absolute Poverty: It refers to the total number of people living below the Poverty line. As per this measure, around 30% of India’s population is below the poverty line.
2. Relative Poverty: It refers to the Poverty of people, in comparison to other people, regions in the nation.

Which among the following statement is/ are incorrect?

a) 1 only

b) Neither 1 nor 2

c) 2 only

d) Both 1 and 2

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Question : 9 [RAS (Pre) 2013]

The Planned Development Model was adopted in India from

a) 1st May, 1965

b) 1st April, 1951

c) 26th January, 1950

d) 15th August, 1947

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Question : 10

Consider the following economic processes taking place in Indian Economy :

1. Import of western culture through the mass media and telecommunication system in India.
2. Establishment of factory limits of MNCs in India.
3. Acquisition of branded foreign companies by Indian business tycoons.

Which of the economic processes given above is/ are encompassed under globalization?

a) 1 and 3

b) 2 and 3

c) 1, 2 and 3

d) only 2

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