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
planning economic development & five year plans section 2
planning economic development & five year plans section 3
planning economic development & five year plans section 4
planning economic development & five year plans section 5
planning economic development & five year plans section 6
planning economic development & five year plans section 7
planning economic development & five year plans section 8
planning economic development & five year plans section 9
planning economic development & five year plans section 10
Question : 31
Consider the following statements :
- In the history of Indian planning, the actual growth rate of the GDP has never been higher than the targeted growth rate.
- In the first five year plan, the actual GDP growth rate was more than the targeted growth rate.
a) 2 only
b) Both 1 and 2
c) 1 only
d) Neither 1 nor 2
Answer »Answer: (a)
In the first Five Year Plan, the actual GDP growth rate was more than the targeted growth rate.
Question : 32
The natural rate of unemployment is likely to fall if:
a) income tax increases
b) unemployment benefits increase
c) geographical immobility increases
d) more training is available for the unemployed
Answer »Answer: (d)
Supply-side measures can be used to reduce the natural rate of unemployment. In this case training enables more employees to accept jobs thereby reducing the natural rate of unemployment.
Question : 33
During which plan was the National Bank for Agriculture and Rural Development (NABARD) established to facilitate the rural credit and agriculture development?
a) Fifth Five Year Plan
b) Sixth Five Year Plan
c) Third Five Year Plan
d) Eighth Five Year Plan
Answer »Answer: (b)
National Bank for Agriculture and Rural Development (NABARD) is an apex development bank in India having headquarters in Mumbai.
It was established on 12 July 1982 in the sixth five-year plan by a special act by the Parliament and its main focus was to uplift rural India by increasing the credit flow for elevation of agriculture and rural non-farm sector.
Question : 34
Consider the following statements about the second Five Year Plan :
- Priorities were given in the production of iron and steel and heavy engineering and machine building industries.
- Strengthening the oil exploration and coal in India.
a) 2 only
b) Both 1 and 2
c) 1 only
d) Neither 1 nor 2
Answer »Answer: (b)
According to the Second Five Year Plan the priorities were given in the production of iron and steel and heavy engineering and also to strengthen the oil exploration and coal.
Question : 35
Consider the following statements :
- MNREGA was launched in the 11th five-year plan.
- Indira Awas Yojana was launched in the 9th Five Year Plan.
a) only 2
b) Both 1 and 2
c) only 1
d) Neither 1 nor 2
Answer »Answer: (d)
The Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) is an Indian law that aims to guarantee the ‘right to work’ and ensures livelihood security in rural areas by providing at least 100 days of guaranteed wage employment in a financial year to every household whose adult members volunteer to do unskilled manual work. MNREGA was launched in 200 select districts in 2006.
However, Indira Awas Yojana was launched in the Year 1996.
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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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