planning economic development & five year plans section 2 Practice Questions Answers Test with Solutions & More Shortcuts
Planning, Economic Development & Five year Plans PRACTICE TEST [10 - EXERCISES]
planning economic development & five year plans section 1
planning economic development & five year plans section 2
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planning economic development & five year plans section 9
planning economic development & five year plans section 10
Question : 31
The term “Hindu rate of growth” refers to the 3.70% per annum growth rate achieved by the Indian economy over the first six Five -Year Plans” The term was coined by:
a) K.N. Raj
b) Raj Krishna
c) J.N. Bhagwati
d) Sukhamoy Chakravarty
Answer »Answer: (b)
The Hindu rate of growth is a derogatory term referring to the low annual growth rate of the planned economy of India before the liberalizations of 1991, which stagnated around 3.5% from 1950s to 1980s, while per capita income growth averaged 1.3%. The term was coined by Indian economist Raj Krishna.
Question : 32
The final authority in India to adopt the five year plan for the country vests in :
a) The National Development Council
b) The Union Cabinet
c) NITI Aayog
d) The parliament
Answer »Answer: (a)
The National Development Council (NDC) or the Rashtriya Vikas Parishad is the apex body for decision-making and deliberations on development matters in India, presided over by the Prime Minister.
The National Development Council is the final authority to adopt the Five Year Plan for the country.
Question : 33
Consider the following statements :
- In the 11th Five Year Plan, the growth rate of the export was always positive.
- In the middle of the 11th Five Year Plan, the import growth was negative due to external factors.
a) 1 only
b) Both 1 and 2
c) 2 only
d) Neither 1 nor 2
Answer »Answer: (c)
Regarding the 11th Five Year Plan, in the middle of the plan, the import growth was negative due to external factors and the growth rate of the export was negative during certain periods.
Question : 34
The Economic Planning Committee was established in the chairmanship of
a) Ramkrishna Mudaliyar
b) Dr. Rajendra Prasad
c) J.L. Nehru
d) K.C. Niyogi
Answer »Answer: (c)
After India gained independence, a formal model of planning was adopted, and the Planning Commission, was established on 15 March 1950, with Prime Minister Jawaharlal Nehru as the chairman.
Question : 35
Which among the following is the objective of Prime Minister RojgarYojana (PMRY)
- To provide self-employment to educated unemployed by setting up of sever lakh micro-enterprises
- To promote micro-enterprises and helping the rural poor into self-help group.
- To create employment and durable assets in rural areas.
- Improving the quality of life of people in rural areas.
a) 1 only
b) 3 only
c) 2 only
d) 4 only
Answer »Answer: (a)
The objective of Prime Minister Rojgar Yojana (PMRY) is to provide self-employment to educated unemployed by setting up of sever lakh microenterprises.
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Planning, Economic Development & Five year Plans Shortcuts »
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indian economy MCQ CATEGORIES
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» Introduction to Indian Economy
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» Planning, Economic Development & Five year Plans
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» National Income & Human Development Index
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» Agriculture Sector, Subsidy and Food Processing
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» Industries, Manufacturing & Service Sectors
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» Inclusive growth, Sustainable development and employment
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» Poverty & Unemployment
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» Introduction to Micro Economics
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» Introduction to Macro Economics
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» Macro fundamentals, GDP, Investment, Growth
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» Demand & Supply, Profit Loss, Inflation & Price Index
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» Fiscal Policy, Public Finance and Monetary Policy
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» Money Supply, Banking and Financial Institutions
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» Taxes Types, Methods & Budgeting Process
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» Banking, Security Market & Insurance
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