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

Answer: (b)

Answer: (c)

All adult members of the household who registered can apply for work. To register, they have to : Be local residents

Answer: (c)

M. Vishveswaraiyya wrote the book ‘Planned Economy for India’. Sir Mokshagundam Vishveshwariah was a notable Indian engineer, scholar, statesman and the Diwan of Mysore from 1912 to 1918.

He was a recipient of the Indian Republic’s highest honour, the Bharat Ratna, in 1955.

Answer: (d)

Inclusive growth is ‘broad-based growth’, ‘shared growth’, and ‘pro-poor growth’.

It excludes the capital markets which is left to operate by themselves in the open market.

Answer: (b)

The Hindu rate of growth is a derogatory term referring to the low annual growth rate of the planned economy of India before the liberalizations of 1991, which stagnated around 3.5% from the 1950s to 1980s, while per capita income growth averaged 1.3%.

The term was coined by Indian economist Raj Krishna. It suggests that the low growth rate of India, a country with a high Hindu population was in sharp contrast to high growth rates in other Asian countries, especially the East Asian Tigers, which were also newly independent.

This meaning of the term, popularized by Robert McNamara, was used disparagingly and has connotations that refer to the supposed Hindu outlook of fatalism and contentedness.