planning economic development & five year plans section 2 Practice Questions Answers Test with Solutions & More Shortcuts

Question : 11

Consider the following statements regarding Indian planning:

  1. The Jalan Panel was set up by the RBI to scrutinize application for new bank licences.
  2. The Committee was headed by former RBI governor Dr Rajendra Jalan.
Which of the statements given above is/are correct?

a) 2 only

b) 1 and 2

c) 1 only

d) None

Answer: (c)

The Bimal Jalan panel which was set up by the RBI to scrutinize application for new bank licences has submitted its report. The Committee was headed by former RBI governor Dr Jalan.

Question : 12

A Five Year Plan was severely affected by the immigration of huge number of people from Bangladesh was?

a) Third Five Year Plan

b) Fourth Five Year Plan

c) First Five Year Plan

d) Sixth Five Year Plan

Answer: (b)

The fourth five-year plan was affected by the immigration of a huge population from Bangladesh.

It was affected since the situation in East Pakistan was really tense and the funds actually allocated for the industrial development were taken up to wage the Indo-Pakistani war and the Bangladesh Liberation War.

Question : 13

The growth rate of which one of the following sectors has very low employment elasticity?

a) construction

b) manufacturing

c) mixed farming

d) financial services

Answer: (d)

Question : 14

Which one of the following economists proposed the LPG model of economic development in India?

a) Manmohan Singh

b) K.V. Kamath

c) Y.B. Reddy

d) None of these

Answer: (a)

The economy of India had undergone significant policy shifts at the beginning of the 1990s. This new model of economic reforms is commonly known as the LPG or Liberalization, Privatization and Globalization model.

LPG model of economic development in India was proposed by Dr Manmohan Singh, economist and finance minister at that time.

Question : 15

National Development Council is concerned with

a) approving and assessing major development projects in India

b) implementing state plans

c) implementing community development programmes

d) approval of five-year plans

Answer: (d)

IMPORTANT indian economy mcq EXERCISES

Planning, Economic Development & Five year Plans Shortcuts »

Click to Read...

planning economic development & five year plans section 2 Online Quiz

Click to Start..
1201 Economic Development & Five year Plans based indian economy MCQ section 2 question answer pdf

Recently Added Subject & Categories For All Competitive Exams

New 150+ Percentage Questions For IBPS Clerk Prelims 2024

Free Top Percentage Quants Aptitude based Multiple Choice Questions and Answers Practice Test Series, Quiz PDF & Mock Test for IBPS Clerk Prelims 2024 Exam

04-May-2024 by Careericons

Continue Reading »

Classification Reasoning MCQ For IBPS Clerk Prelims 2024

Most Important 100+ Classification based Verbal Reasoning Ability Multiple choice questions and answers PDF, Free New Mock tests For IBPS Clerk Prelims 2024

03-May-2024 by Careericons

Continue Reading »

Ratio and Proportion Questions with Solutions, IBPS Clerk

New Ratio and Proportion Quants Aptitude based Multiple Choice Questions and Answers Practice Test Series, Quiz & Mock Test for IBPS Clerk Prelims 2024 Exam

02-May-2024 by Careericons

Continue Reading »

Top Analogy Reasoning Ability For IBPS Clerk Prelims 2024

Most Important Analogy based Verbal Reasoning Multiple choice questions and answers practice quiz series PDF, Free New Mock tests For IBPS Clerk Prelims 2024

01-May-2024 by Careericons

Continue Reading »