planning economic development & five year plans section 5 Practice Questions Answers Test with Solutions & More Shortcuts

Question : 16 [RAS (Pre) 1995]

The Five Year Plan that terminated one year before the scheduled period is

a) Fifth Five Year Plan

b) Second Five Year Plan

c) Fourth Five Year Plan

d) Third Five Year Plan

Answer: (a)

Question : 17

Which of the following is/are correct?

  1. Bulk of unemployment in India is in rural areas.
  2. The disguised unemployment in agricultural sector is perennial.
  3. Industrialization has rendered several people jobless in India.

a) 1 and 2

b) 1 only

c) 1, 2 and 3

d) 2 and 3

Answer: (c)

Question : 18 [UPPCS (Pre) 1999]

The planning process in the industrial sector in India has assumed a relatively less important position in the nineties as compared to that in the earlier period.


Which one of the following is not true in this regard?

a) The nation’s priorities have shifted away from industrial development to rural development

b) With the advent of liberalisation, industrial investments / developments have largely been placed within the domain of private and multinational sector

c) The focus of planning has shifted to sectors like human, resource development, infrastructure, population control and welfare

d) With markets assuming a central place, the role of central planning in many sector has been rendered redundant

Answer: (a)

Question : 19

How would the size of the labour force and the rate of unemployment be affected if people retrenched from their jobs did not actively seek employment?

a) The labour force would be smaller and the unemployment rate would be higher.

b) The labour force would be smaller and the unemployment rate would be lower.

c) The labour force would be smaller and there would be no change in the unemployment rate.

d) There would be no change in the labour force and the unemployment rate would be higher.

Answer: (a)

Question : 20

The second five year plan was based on

a) Nehruvian Model

b) P.C. Mahalnobis Model

c) None of these

d) Harro-Domar Model

Answer: (b)

The second five-year plan was based on P.C. Mahalanobis Model.

The Mahalanobis model is a Neo-Marxist model of economic development, created by statistician Prasanta Chandra Mahalanobis in 953.

Mahalanobis became essentially the key economist of India’s Second Five Year Plan.

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1204 Economic Development based indian economy MCQ section 5 question answer with explanation pdf

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