Planning Economic Development & Five Year Plans Section 5 Practice Questions Answers Test With Solutions & More Shortcuts

Planning in India, in real sense, began with the Second Five Year Plan. Who was the architect of Indian Planning?

a) P.C. Mahalanobis

b) Jawaharlal Nehru

d) Morarji Desai

Question : 37

1. The Planning Commission was established in 1950, by Article 39 of the Directive Principles of the Constitution of India.
2. Prime Minister, Narendra Modi dissolved the planning commission in his first Independence Day speech in 2014. It has since been replaced by a new institution named Niti Aayog.

d) Neither 1 nor 2

The Planning Commission was established in 1950, by Article 39 of the Directive Principles of the Constitution of India.

The planning commission (yojana Aayog) was an institution in the government of India, which formulated India’s five-year plans, among other functions.

Prime Minister Narendra Modi announced his intention to dissolve the planning commission in his first Independence Day speech in 2014. It has since been replaced by a new institution named Niti Aayog.

Question : 38

Under which five year plan did the government introduce an agricultural strategy which gave rise to Green Revolution in India?

a) Third Five Year Plan

b) Sixth Five Year Plan

c) Second Five Year Plan

d) Seventh Five Year Plan

Under the third five year plan, the government introduced an agricultural strategy which gave rise to the green revolution in India.

Under the third plan, the goal was to establish self-reliance and a self-generating economy.

But the earlier plans had shown that agricultural production was the limiting factor, so agriculture was given top priority.

Question : 39

Match List I with list II.

First plan – agriculture, Irrigation and power projects

Third Plan – self reliance and generating economy

Fifth Plan – growth with social justice

Twelfth plan – sustainable inclusive growth

Question : 40

The major emphasis on the first five year plan of India was

d) export promotion

The major emphasis on the First Five Year Plan was the agriculture sector. At the time of the first plan (1951–56), India faced severe food shortages and inflation.

Accordingly, the first plan emphasized rapid agricultural development so as to achieve food self-sufficiency and control inflation.

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PLANNING, ECONOMIC DEVELOPMENT & FIVE YEAR PLANS SHORTCUTS AND TECHNIQUES WITH EXAMPLES

Planning, Economic Development & Five Year Plans

INDIAN ECONOMY MCQ CATEGORIES

» Introduction to Indian Economy

» Planning, Economic Development & Five year Plans

» National Income & Human Development Index

» Agriculture Sector, Subsidy and Food Processing

» Industries, Manufacturing & Service Sectors

» Inclusive growth, Sustainable development and employment

» Poverty & Unemployment

» Introduction to Micro Economics

» Introduction to Macro Economics

» Macro fundamentals, GDP, Investment, Growth

» Demand & Supply, Profit Loss, Inflation & Price Index

» Fiscal Policy, Public Finance and Monetary Policy

» Money Supply, Banking and Financial Institutions

» Taxes Types, Methods & Budgeting Process

» Banking, Security Market & Insurance

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