planning economic development & five year plans section 5 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
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planning economic development & five year plans section 5
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planning economic development & five year plans section 9
planning economic development & five year plans section 10
Question : 21
The Rural infrastructure fund set up in 1995 – 96, is maintained by the
a) NABARD
b) State Bank of India
c) Reserve Bank of India
d) Regional Rural Bank
Answer »Answer: (a)
The rural infrastructure fund was set up by the Government in 1995–96 for financing ongoing rural Infrastructure projects.
The Fund is maintained by the National Bank for Agriculture and Rural Development (NABARD).
Domestic commercial banks contribute to the fund to the extent of their shortfall in stipulated priority sector lending to agriculture.
Question : 23
In which of the following Five Year Plan, the High Yielding Varieties Programme (HYVP) was started in India?
a) Second Five Year Plan
b) Third Five Year Plan
c) First Five Year Plan
d) Fourth Five Year Plan
Answer »Answer: (b)
The main objective of the third five-year plan was to make the economy self-dependent. The Third Five-year Plan stressed agriculture and improvement in the production of wheat so as to be self-sufficient.
Thus during the planned period, the high yielding varieties programme (HYVP) was started in India to increase the yield of crops.
Question : 25
When economic development takes place
a) Market imperfections increase
b) Commercialisation decreases
c) Specialisation increases
d) None of the above
Answer »Answer: (c)
When economic development takes place, specialisation increases. Economic development typically involves improvements in a variety of indicators such as literacy rates, life expectancy, and poverty rates.
GDP does not take into account other aspects such as leisure time, environmental quality, freedom, or social justice; alternative measures of economic well-being have been proposed.
Essentially, a country’s economic development is related to its human development, which encompasses, among other things, health and education.
These factors are, however, closely related to economic growth so that development and growth often go together.
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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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