50 interesting questions on Economic Planning

Economic Planning

1. Which of the following bodies finalizes the Five Year Plan proposals?

(a) Planning Commission

(b) Union Cabinet

(c) National Development Council

(d) Ministry of Planning

2. Who among the following is the Chairman of the Planning Commission?

(a) President (b) Speaker of Lok Sabha

(c) Prime Minister (d) Union Minister of Planning

3. The Planning Commission in India was set up in (Stenographer's Exam, 1992)

(a) 1947 (b) 1950

(c) 1951 (d) 1952

4. Planning in India derives its objectives from

(a) Fundamental Rights

(b) Directive Principles of State policy

(c) Fundamental Duties

(d) Preamble

5. The concept of Five Year Plans in India was introduced by

(a) Lord Mountbatten (b) Jawaharlal Nehru

(c) Indira Gandhi (d) Lal Bahadur Shastri

6. National Development Council was set up in

(a) 1948 (b) 1950

(c) 1951 (d) 1952

7. The first attempt to initiate economic planning in India was made by

(a) Balwantrai Mehta (b) Vallabhbhai Patel

(c) M. Visvesvaraya (d) Jawaharlal Nehru

8. The period of the First Five Year plan was from

(a) 1950-51 to 1954-55 (b) 1951-52 to 1955-56 (c) 1952-53 to 1956-57 (d) None of these

9. The mian objective of First Five Year Plan was

(a) Industrial growth

(b) Economic growth

(c) Development of agriculture including irrigation and power projects

(d) Self reliance

10. Which one of the following is the task of the Planning Commission? (NJ0.A. 1991)

(a) Preparation of the plan (b) Implementation of the plan (c) Financing of the plan (d) Both (a) & (b)

11. Which of the following Five Year Plans was terminated one year before its completion?

(a) Second (b) Third

(c) Fourth (d) Fifth

12. Economic Planning is a subject (Assistant Grade, 1991)

(a) In the Union List (b) In the State List

(c) In the Concurrent List (d) Unspecified in any special list

13. Which of the following are not members of the National Development Council?

(a) The Prime Minister (b) the President

(c) Chief Ministers of states (d) Members of the Planning Commission

14. The Second Five Year Plan laid more stress upon

(a) Agriculture ' (b) Industrialization (c) Removing poverty (d) Self reliance

15. Attainment of economic self reliance and removal of poverty were the main objectives of

(a) First Five Year Plan (b) Fourth Five Year Plan (c) Fifth Five Year Plan (d) Sixth Five Year Plan

16. For internal financing of Five Year Plans, the government depends on (NJ)A. 1991)

(a) Taxation only

(b) Taxation and public borrowing

(c) Public borrowing and deficit financing

(d) Taxation, public borrowing & deficit financing

17. In which of the Five Year Plans, preference was given to the weaker sections of the society?

(a) Second (b) Third

(c) Fourth (d) Fifth

18. The Eighth Five Year Plan gave priority to (P.C.S. 1994)

(a) Industrial growth

(b) Promotion of exports

(c) Increasing agricultural productivity

(d) Employment generation

19. Which of the following is not true regarding the trends during and after the Seventh Five Year Plan process in India?

(a) During this period, Gross Domestic Product (GNP) grew at an average rate of 5.6% per year.

(b) Food grain production grew by 3.23%.

(c) To reduce unemployment and consequently the Jawahar Rojgar Yojana were initiated.

(d) Major objectives of the plan were to achieve self-reliance and adopt measures for raising consumption standard of people living below the poverty line.

20. The period of which of the following plans recorded the lowest annual growth rate of national income?

(a) Second (b) Third

(c) Fifth (d) Sixth

21. The National Development Council gets its administrative support from

(a) Planning Commission

(b) Finance Commission

(c) Administrative Reforms Commission

(d) Sarkaria Commission

22. The Five Year Plans of India intend to develop the country industrially through (N.D.A.1991)

(a) The public sector

(b) The private sector

(c) The public, private, joint and Cooperative sectors

(d) Increasing collaboration with non resident Indians

23. The Planning Commission is (P.C.S. 1994)

(a) A Ministry (b) A Government department

(c) An Advisory body (d) An Autonomous Corporation

24. During the Eighth Five Year Plan, India registered the highest annual growth rate of

(a) 7.2% (b) 6.8%

(c) 5.6% (d) 4.5%

25. The strategy of rolling plan was adopted during the Prime Ministership of (Railways, 1994)

(a) Lal Bahadur Shastri (b) Indira Gandhi

(c) Morarji Desai (d) Rajiv Gandhi

26. What was the proposed total Public Sector outlay of the Ninth Plan (in crores of rupees)?

(a) 5,80,000 (b) 7,89,000

(c) 8,59,000 (d) 9,98,000

27. Which of the following is not a target of the Tenth Five Year Plan?

(a) Reduction of Poverty ratio by 5% by 2007.

(b) Increase the working efficiency of those public sector enterprises which have been working below capacity since long

(c) Cleaning of all major polluted rivers by 2007

(d) Reduction in the decadal rate of population growth between 2001 and 2011

(e) Increase in literacy to 75% by 2007

28. According to the Tenth Plan targets, the infant mortality rate. (IMR) is to be reduced (by 2007) to (number per 1000 live births)

(a) 65 (b) 55

(c) 45 (d) 35

29. Who among the following authored the book 'Planned Economy for India' in 1934?

(a) D.R. Gadgil (b) M.N. Roy

(c) M. Viswesvaraya (d) V.K.R.V Roy

30. The Planning Commission implemented three Annual Plans instead of Five Year Plans between.

(a) The Third and Fourth Plan

(b) The Fifth and Sixth Plan

(c) The Sixth and Seventh plan

(d) The Seventh and Eighth Plan

31. What is the correct sequence of the following strategies used for Five Year Plans in India?

1. Balanced growth

2. Rehabilitation of the economy

3. Industrial development

(a) 1,3,2 (b) 2,1,3

(c) 2,3,1 (d) 3,2,1

32. The steel plants at Durgapur, Bhilai and Rourkela were established during the period of (N.D.A.1990)

(a) First Five Year Plan (b) Second Five Year Plan

(c) Third Five Year Plan (d) Fourth Five Year Plan

33. Which of the following gives an accurate measurement of economic development through Five Year Plans?

(a) Development of education and health services.

(b) Development of railways and roadways.

(c) Rise in national income and per capita income.

(d) Development of industrial towns and industrial estates.

34. In which year was the Rolling Plan introduced?

(a) 1951-52 (b) 1976-77

(c) 1978-79 (d) 1984-85

35. Eighth Five Year Plan covered the period (Bank P.O.1994)

(a) 1990-95 (b) 1989-94

(c) 1991-96 (d) 1992-97

36. Planning in India as it is at present can be termed as

(a) State Planning (b) Centralized Planning (c) Decentralized Planning (d) Indicative Planning

37. During the Seventh Five Year Plan, which of the following heads of development accounted for the largest outlay of funds?

(a) Energy

(b) Transport

(c) Rural Development and Agriculture

(d) Education, Health and Family Planning

38. out of the following, during which Five Year Plan, was the total expenditure on agriculture the highest?

(a) First Five Year Plan (b) Second Five Year Plan (c) Third Five Year Plan (d) Fourth Five Year Plan

39. A special feature of the Sixth Plan was

(a) Decentralization (b) Area Planning

(c) Bottom to top planning (d) Top to bottom planning

40. The term 'Hindu rate of growth' refers to the 3.70% per annum growth rate achieved by the Indian economy over the first six Five Year Plans'. The term was coined by (I. Tax & Central Excise, 1991)

(a) J.N. Bhagwati (b) K.N. Raj

(c) Raj Krishna (d) Sukhamoy Chakravarty

41. A re-assessment of the resources of the Centre, States and the Union Territories, has reduced the total Public Sector outlay for the Tenth Five Year Plan from Rs. 15,92,300

(a) Rs 14,57,000 crore (b) Rs 14,86,200 crores (c) Rs 15,25,600 crore (d) Rs 15,77,100 crores

42. The Eighth Plan had proposed to create how many million additional employment opportunities annually? (Bank, P.O. 1992)

(a) 3 to 4 (b) 6 to 7

(c) 8 to 9 (d) 10 to 12

43. Which of the following statements is correct? (G.I.C.A.A.O.1993)

(a) Planning Commission is a constitutional body

(b) The Prime Minister is the Chairman of the Planning Commission.

(c) The Minister of Planning is always necessarily the Deputy Chairman of Planning Commission

(d) The draft plan is prepared by the National Development Council

44. The Gandhian economy was based on the principle of (S.S.C. 2001)

(a) State Control (b) Competition

(c) Trusteeship (d) rural cooperation

45. Economic planning is an essential feature of (C.B.I.1994)

(a) Dual economy (b) Mixed economy

(c) Capitalist economy (d) Socialist economy

46. Which of the following is true? (U.D.C.1995)

(a) Financial planning is more important than physical planning

(b) Physical planning is more important than financial planning

(c) Physical and financial planning are equally important

(d) Physical and financial planning are complementary

47. The main model that formed the basis of the strategy of the Second Five Year Plan was formulated by

(a) V.K. R.V. Rao (b) PC. Mahalonobis

(c) Dr.Gadgil (d) P.R.Brahamandas

48. Which of the following Five Year Plans registered the maximum growth rate? (Railways, 1992)

(a) First Five - Year Plan (b) Second Five - Year Plan

(c) Fourth Five - Year Plan (d) Seventh Five - Year Plan

49. A major shift in the Eighth Five Year Plan from it preceding ones was (Railway, 1995)

(a) The concentration of investment in infrastructural sector

(b) Major investment in agriculture with a view to promoting exports

(c) Major investment in sectors where industrial sickness has been a chronic problem

(d) The significant reduction in public sector outlays

50. The Tenth Five Year Plan has a high target of achieving a GDP growth rat« of (by 2007)

(a) 7 percent (b) 8 percent

(c) 9 percent (d) 9.3 percent