planning economic development & five year plans section 7 Practice Questions Answers Test with Solutions & More Shortcuts

Question : 1

Indian economy has witnessed highest growth rate in GDP in the year

a) 2005 – 06

b) 2004 – 05

c) 2003 – 04

d) 2006 – 07

Question : 2

Which plan was suspended one year before the time schedule?

a) Third Plan (966-7)

b) First Plan (95-56)

c) Fifth Plan (974-79)

d) Sixth Plan (980-85)

Question : 3

Inclusive growth would necessitate :

a) Revival of agriculture

b) Increase availability of social services such as education and health.

c) Development of infrastructural facilities

d) All the above.

Question : 4 [UPSC (Pre) 2009]

Consider the following statements regarding Indian Planning.

1. The Second Five Year Plan emphasised on the establishment of heavy industries.
2. The Third Five Year Plan introduced the concept of import substitution as a strategy for industrialisation.

a) Neither 1 nor 2

b) Only 1

c) Both 1 and 2

d) Only 2

Question : 5

Consider the following statements regarding Indian planning:

1. The Discount and Finance House of India was set up in 1990.
2. The Discount and Finance House of India is a subsidiary of RBI.
3. DFHI deals with financing long-term loans.

a) 2 only

b) 1 and 2

c) 1 only

d) 1, 2 and 3