planning economic development & five year plans section 9 Practice Questions Answers Test with Solutions & More Shortcuts

Question : 31

Golden Quadrangle project is associated with the development of

a) Power Grids

b) Ports

c) Highways

d) Tourism Network

Answer: (c)

The Golden Quadrangle project is associated with the development of Highways. The Golden Quadrilateral is a highway network connecting many of the major industrial, agricultural and cultural centres of India.

A quadrilateral of sorts is formed by connecting Delhi, Mumbai, Kolkata and Chennai, and hence its name.

Question : 32

In India, planned economy is based on?

a) Capitalist system

b) Socialist system

c) Gandhian system

d) Mixed economy system

Answer: (d)

The planned economy is based on the mixed economy system.

The concept of a mixed economy evolved from the ideas of Keynes. The concept of Mixed Economy means that both private enterprises and public enterprises coexist.

However, the condition attached is that the private enterprises must work for serving society rather than having only self-interest.

Further, private enterprises may not be allowed in every sector of the economy like area of national importance.

Question : 33

Which of the following were the priority objectives of the Eighth plan?

  1. Universalization of elementary education.
  2. Growth and diversification of agriculture.
  3. Containment of population growth.
  4. Gradual privatization of most public sector undertakings.
Choose your answer from the following codes

a) 1, 2 and 4

b) 1, 3 and 4

c) 2, 3 and 4

d) 1, 2 and 3

Answer: (d)

Question : 34

The Economic Planning Committee was established in the chairmanship of

a) Dr. Rajendra Prasad

b) J.L. Nehru

c) K.C. Niyogi

d) Ramkrishna Mudaliyar

Answer: (b)

After India gained independence, a formal model of planning was adopted, and the Planning Commission, was established on 5 March 950, with Prime Minister Jawaharlal Nehru as the chairman.

Question : 35

Structural unemployment arises due to:

a) heavy industry bias

b) deflationary conditions

c) inadequate productive capacity

d) shortage of raw materials

Answer: (c)

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1208 Five year Plans based indian economy MCQ section 9 question answer with explanation pdf

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