planning economic development & five year plans section 6 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 10
Question : 21
Match List I with List II and select the correct answer using the codes given below the list
List I | List II |
(Plan model) | (Proposer) |
A. Bombay plan | 1. Jai Prakash Narayan |
B. Gandhian plan | 2. M N Roy |
C. People’s plan | 3. Sriman Narayan |
D. Sarvodaya plan | 4. Birla and Tata Groups |
a) 2 3 4 1
b) 4 2 3 1
c) 2 4 3 1
d) 4 3 2 1
Answer »Answer: (d)
The Bombay Plan is the name commonly given to a World War II era consisting of a set of proposals for the development of the post-independence economy of India.
The plan, published in 1944/1945 was endorsed by eight leading Indian industrialists including Tata & Birla Group.
Shri Shriman Narayan was a renowned interpreter of Gandhian economic thought whose “Gandhian plan for Economic Development for India’’ was published as early as 1944. In 1944, Roy published the People’s Plan for Economic Development of India.
Sarvodaya plan was given by Jai Prakash Narayan for the upliftment of all.
Question : 22
Which of the following experienced the fastest expansion during the plan in India?
a) Industry
b) Services
c) Agriculture
d) None of these
Answer »Answer: (b)
The service sector experienced the fastest expansion during the plan in India which was predominantly an agricultural economy at the time of independence.
It includes:
- telecommunication,
- hospitality industry/tourism,
- mass media,
- healthcare/hospitals,
- information technology,
- banking,
- insurance,
- investment management,
- accountancy,
- legal services,
- consulting,
- retail sales,
- real estate, and
- education.
Currently, the maximum contribution to national income comes from the service sector which contributes around 60%.
Question : 23
Consider the following statements :
- Jawahar Rozgar Yojana was launched in the Seventh Five Year Plan.
- Small-scale and food processing industries were given new impetus in Seventh Five Year Plan.
a) 2 only
b) Both 1 and 2
c) 1 only
d) Neither 1 nor 2
Answer »Answer: (b)
Jawahar Rozgar Yojna was launched on April 1, 1989, by merging National Rural Employment Program (NREP) and Rural Landless Employment Guarantee Programme (RLEGP).
In Seventh Five Year Plan the smallscale and food processing industries were given new impetus as the plan laid stress on improving the productivity level of industries by upgrading technology.
Question : 24
Consider the following statements :
- LPG model of the Indian Economy was fully implemented in the Eighth Five Year plan.
- The Eighth plan envisaged an annual average growth rate of 5.6% but the real growth rate was 6.8%.
a) only 2
b) Both 1 and 2
c) only 1
d) Neither 1 nor 2
Answer »Answer: (b)
The economy of India had undergone significant policy shifts at the beginning of the 1990s at the time of the eighth plan. 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.
Moreover, the Eighth plan envisaged an annual average growth rate of 5.6% but the real growth rate was 6.8%.
Question : 25
Who among the following works as Ex-officio secretary of National Development Council?
a) Vice Chairman of Planning Commission
b) Secretary of Finance Ministry
c) Secretary of Planning & Implementation Ministry Secretary of Planning Commission
d) Secretary of Planning Commission
Answer »Answer: (d)
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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
-
» Banking, Security Market & Insurance
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