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Evolution of Indian Economy and Planning 02
Question
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of 15
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Q1. Durgapur, Bhliai and Rourkela plants were set up during which plan?
A.
2nd
B.
3rd
C.
1st
D.
4th
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
A
The Second Five Year Plan (1956-61) focused on heavy industrialization, leading to these major steel plants.
Q2. The National Development council (NDC) was constituted on:
A.
16-Aug
B.
1950
C.
1-Apr
D.
1951
E.
6-Aug
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
1952
16-Aug
Q3. Mixed Economy means an economy where
A.
agriculture and industry equal
B.
co-existence of public and private sector
C.
small and heavy industry equal
D.
military and civilian control
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
B
In a mixed economy, both the state (public) and private individuals own and operate the means of production.
Q4. Who presides over the National Development Council of India?
A.
Deputy Chairman Planning
B.
Prime Minister of India
C.
Finance Minister of India
D.
Vice President of India
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
B
Like the Planning Commission, the NDC is headed by the Prime Minister.
Q5. Which one of the following is NOT correct regarding plans?
A.
1st Plan: 1951-56
B.
2nd Plan: 1956-61
C.
3rd Plan: 1961-66
D.
4th Plan: 1966-71
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
D
The 4th Five Year Plan was delayed due to wars and drought, eventually running from 1969 to 1974.
Q6. Which of the following plans aimed at improving standard of living?
A.
Third Plan
B.
Fourth Plan
C.
Fifth Plan
D.
Sixth Plan
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
B
The Fourth Plan (1969-74) emphasized 'Growth with Stability' and progress towards self-reliance.
Q7. Economic Planning is in which list?
A.
Union List
B.
State List
C.
Concurrent List
D.
None of these
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
C
Economic and Social Planning is Entry 20 in the Concurrent List (List III) of the Seventh Schedule.
Q8. Who was the first Deputy Chairman of the Planning Commission of India?
A.
Jawaharlal Nehru
B.
V.T. Krishnamachari
C.
Gulzarilal Nanda
D.
C.D. Deshmukh
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
C
While the PM was the Chairman, Gulzarilal Nanda served as the first Vice/Deputy Chairman.
Q9. Which Five Year Plan is also known as the ‘Gadgil Yojana’?
A.
Second Plan
B.
Third Plan
C.
Fourth Plan
D.
Fifth Plan
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
B
The Third Five Year Plan (1961-66) was based on the Gadgil strategy of self-sustained growth.
Q10. Who is the author of the book ‘Planed Economy for India’ (1934)?
A.
M. Visvesvaraya
B.
Dadabhai Naoroji
C.
M.N. Roy
D.
Jawaharlal Nehru
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
A
Sir M. Visvesvaraya was a pioneer in advocating for a planned economic approach for India.
Q11. Which body replaced the Planning Commission of India in 2015?
A.
Finance Commission
B.
NITI Aayog
C.
National Dev Council
D.
GST Council
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
B
National Institution for Transforming India (NITI Aayog) was formed on Jan 1, 2015.
Q12. Who is known as the ‘Architect of Indian Planning’?
A.
P.C. Mahalanobis
B.
J.L. Nehru
C.
B.R. Ambedkar
D.
Sardar Patel
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
A
Prasanta Chandra Mahalanobis is recognized for his role in the Second Five Year Plan's industrial strategy.
Q13. Which plan had the objective of ‘Garibi Hatao’ (Removal of Poverty)?
A.
Fourth Plan
B.
Fifth Plan
C.
Sixth Plan
D.
Seventh Plan
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
B
The slogan 'Garibi Hatao' was a central theme during the Fifth Five Year Plan (1974-78).
Q14. The concept of Economic Planning in India is derived from?
A.
USA
B.
UK
C.
Australia
D.
Russia
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
D
India adopted the concept of five-year plans from the former USSR (Russia).
Q15. The final authority in India to adopt the Five Year Plan rests in:
A.
The Planning Commission
B.
The National Development Council
C.
The Union Cabinet
D.
The Parliament
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
B
The NDC, composed of the PM and State Chief Ministers, was the highest body for plan approval.
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