planning economic development & five year plans section 8 Practice Questions Answers Test with Solutions & More Shortcuts

Answer: (a)

Before independence, M.Visvesvaraya’s “District Development Scheme: Economic Progress by Forced Marches” published in 1939, was the first significant attempt at evolving a methodology for decentralised planning.

In his district plan, Visvesvaraya worked out a concrete programme of action for the economic reconstruction of the countryside. His scheme of district planning included main lines of development, district organisation, village and town organisations and aid development. After independence, in every plan, local planning was recognised as an important requirement for local development.

Answer: (a)

Answer: (c)

The revised targeted annual rate of growth of 9th plan was 6.5% while the actual growth rate was 5.5%.

Answer: (d)

First Five Year Plan: 1951-56,

Fourth Five Year Plan: 1969-74,

Eighth Five Year Plan: 1992-97.

Thus the period of the First Five Year Plan of India is 1951-56 which is only the correct paring in the given statements.

Answer: (d)

The economy of India had undergone significant policy shifts at the beginning of the 1990s.

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 under the PV Narshimha Rao Government in 1990.