planning economic development & five year plans section 4 Practice Questions Answers Test with Solutions & More Shortcuts

Answer: (a)

Agriculture sector grew by an average 1.6 per cent per annum in first four years of the ongoing Five Year Plan (2012-17) as against the targeted 4 per cent annual growth due to lower production.

Answer: (a)

National Development Council aims

1. to prescribe guidelines for the formulation of the National Plan, including the assessment of resources for the Plan;
2. to consider the National Plan as formulated by the Planning Commission;
3. to consider important questions of social and economic policy affecting national development; and
4. to review the working of the Plan from time to time and to recommend such measures as are necessary for achieving the aims and targets set out in the National Plan.

Answer: (a)

Joseph Stalin implemented the first FYP in the Soviet Union in the late 1920s. Most communist states and several capitalist countries like India subsequently have adopted them.

Answer: (a)

Answer: (c)

1934: M. Visvesvaryya, in his book Planned Economy of India, advocates the necessity of planning in the country much before Independence.

1944: Planning and Development Department set up under the chairmanship of A. Dalal.

1946: Interim government sets up the Planning Advisory Board.

1947: Economic Programme Committee set up under the chairmanship of Jawaharlal Nehru.

1950: Planning Commission set up.