Mcqs on Economic planning of India. Economic planning in India is the process of deriving a strategy for the development of the economy. It is a key aspect of the government’s role in the country’s overall development. The planning process is guided by the National Development Council, which is responsible for formulating the Five-Year Plans. These plans are designed to address issues such as poverty, unemployment, and economic growth. The government also uses various tools such as fiscal and monetary policies to achieve the goals laid out in the Five-Year Plans.
join Telegram channelEconomic planning is a crucial aspect of a country’s development and growth. In India, the government plays a central role in guiding and implementing economic planning through the formulation of Five-Year Plans. These plans aim to address key economic issues such as poverty, unemployment and economic growth. The government also uses various tools such as fiscal and monetary policies to achieve the goals laid out in the Five-Year Plans. This set of multiple choice questions aims to test your understanding of India’s economic planning process and the policies and tools used to achieve its goals.
Mcqs on Economic planning of India
Q1. In which year the National Planning Committee was established?
(A) 1935
(B) 1942
(C) 1948
(D) 1938
Q2. The National Planning Committee was established under the chairmanship of ?
(A) Lord Mountbatten
(B) J.L Nehru
(C) Narayan Agarwal
(D) M.N Roy
Q3. In 1944 Gandhian Plan’ was given by
(A) Sardar patel
(B) J.L Nehru
(C) Narayan Agarwal
(D) J.P Narayan
Q4. In 1945 ‘People’s Plan’ was given by
(A) M.N Roy
(B) J.L Nehru
(C) Narayan Agarwal
(D) J.P Narayan
Q5. 1950 Sarvodaya Plan’ was given by
(A) M.N Roy
(B) J.L Nehru
(C) Narayan Agarwal
(D) J.P Narayan
Q6. Verghese Kurien is related to
(A) Blue Revolution
(B) White Revolution
(C) Yellow Revolution
(D) Green Revolution
Q7. Golden Revolution is related with
(A) Rearing of lagoons
(B) Agriculture of flowers
(C) Beekeeping
(D) Grapes production
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Q8. The Economic planning is a part of
(A) Socialist Economy
(B) Dual Economy
(C) Mixed Economy
(D) Capitalistic Economy
Q9. The Slogan “Poverty Alleviation” was added to which Five Year Plan.
(A) First
(B) Second
(C) Fifth
(D) Fourth
Q10. Which Five Year Plan was based upon Mahalanobis Model?
(A) First
(B) Second
(C) Third
(D) Fourth
Q11. First five year plan was based on
(A) Mahalanobis Model
(B) Vakil and Brahmanand Model
(C) Herald-Domar Growth model
(D) Salo growth model
Q12. Which of the following Five Year plan focused on Education + Health + Environment + Infrastructure
(A) Seventh
(B) Eight
(C) Tenth
(D) Eleventh
Q13. Which three years is said as a “Planning Holiday” for our country?
(A) 1965-68
(B) 1966-69
(C) 1968-71
(D) 1969-72
Q14. In Indian Agriculture High Yielding Variety Programme was started in–
(A) 1968
(B) 1967
(C) 1966
(D) 1965
Q15. The Census of 2011 was.
(A) 13th Census
(B) 14th Census
(C) 15th Census
(D) 16th Census
Q16. The Annapurna Scheme was implemented in the year
(A) 1998
(B) 1996
(C) 1999
(C) 2000
Q17. Poverty in less developed countries is largely due to
(A) Voluntary idleness
(B) Income inequality
(C) Lack of cultural activities
(D) Lack of intelligence of the people
Q18. The famous slogan ‘Garibi Hatao’ (remove poverty) was launched during the– (a) First Five Year Plan
(b) Third Five Year Plan
(c) Fourth Five Year Plan
(d) Fifth Five Year Plan
Q19. Kisan Credit Card Scheme was introduced in
(A) 1991
(B) 1996
(C) 1998
(D) 2000
Q20. Which one of the objectives of Industrial Licensing Policy in India was to ensure–
(a) creation of adequate employment opportunities
(b) free flow of foreign capital in Indian industries
(c) use of modern technology
(d) balanced industrial development across regions
Q21. Malthusian theory of population explored the relationship between–
(a) Food supply and technology
(b) Food supply and population growth
(c) Population growth and development
(d) Optimum growth and resources
Q22. ISI mark is not given to which of the following products?
(A) Electric Goods
(B) Hosiery Goods
(C) Biscuits
(D) Cloth
Q23. The economic problem arises mainly due to
(a) Overpopulation
(b) Unemployment
(c) Scarcity of resources
(d) Lack of industries
Q24. Which of the following is the largest employer in India?
(a) Indian Railways
(b) Posts and Telegraphs Department
(c) Food Corporation of India
(d) Steel Authority of India
Q25. The Planning commission of India is?
(A) A non-statutory body
(B) An independent and autonomous body (C) A statutory body
(D) A constitutional body
Q26. When was the planning commission established?
(A) 10th March 1950
(B) 16th March 1951
(C) 20th March 1950
(D) 15th March 1950
Q27. Economic planning is in-
(A) Union list
(B) Concurrent list
(C) State list
(D) Not any specified list
Q28. ‘Twenty Point Programme” was launched in the year?
(A)1969
(B)1975
(C)1966
(D)1980
Q29. The very first five year plan of India was based on the model of:
(a) Bombay Plan
(b) Harrod Domar Model
(c) Mahalanobis model
(d) None of these
Q30. National Development Council is consists of:
(A) Members of planning commission
(B) Governors of the states
(C) Chief Ministers of the states
(D) Both A and C
Q31. When was NITI Aayog established?
(A) 1 January 2015
(B) 25 January 2016
(C) 14 May 2014
(D) 1 July 2015
Q32. Who is the current CEO of the NITI Aayog?
(A) Rajeev Kumar
(B) Parameswaran Iyer
(C) Amitabh Kant
(D) Narendra Modi
Q33. National Rural Employment Programme started in-
(A) 1979
(B) 1980
(C) 1981
(D) 1982
Q34. The main aim of First Five Year Plan is
(A) Agriculture
(B) Industries
(C) Growth with social justice and Equality
(D) Eradication of Poverty
Q35. The main aim of Second Five Year Plan is
(A) Removal of Poverty and self reliance
(B) Eradication of Poverty
(C) Basic and heavy industries
(D) Poverty alleviation
Q36. The main aim of Third Five Year Plan is
(A) Removal of Poverty
(B) Eradication of Poverty
(C) Basic and heavy industries
(D) Poverty alleviation
Q37. The main aim of Fourth Five Year Plan is
(A) Food, Productivity and Work
(B) Eradication of Poverty
(C) growth with stability
(D) Poverty alleviation
Q38. The main aim of the Fifth Five Year Plan is
(A) Poverty Eradication and self reliance
(B) Social Justice and Equality
(C) Agriculture
(D) Basic and Heavy industries
Q39. What is the main aim of the Sixth Five Year Plan?
(A) Social Justice and Equality
(B) Agriculture
(C) Basic and Heavy industries
(D) Poverty alleviation
Q40. What is the main aim of the Seventh Five year Plan?
(A) Agriculture
(B) Food, Work and Productivity.
(C) Industries
(D) Poverty Eradication
Q41. What is the main aim of the Eight Five Year Plan?
(A) Poverty alleviation and removing unemployment
(B) Growth with social justice and Equality
(C) Agriculture
(D) Basic industry
Q42. What is the main aim of the Ninth Five Year Plan?
(a) Eradication of regional imbalances
(b) Faster and inclusive growth in all sectors (c) Growth with social justice and equality
(d) Agriculture
Q43. What is the main aim of the Tenth Five Year Plan?
(A) Basic Industry
(B) Eradication of Regional imbalances
(C) Eradication of Poverty
(D) Food, Work and Productivity
Q44. The main aim of Eleventh Five Year Plan is
(A) Inclusive Growth in all sectors
(B) Eradication of Poverty
(C) Eradication of regional imbalances
(D) Food, Work and Productivity
Q45. The main aim of Twelfth Five Year Plan is
(A) Inclusive Growth in all sectors
(B) Eradication of Poverty
(C) Eradication of regional imbalances
(D) reducing poverty, reducing inequality
Q46. A “closed economy” is an economy in which-
(A) the money supply is fully controlled
(B) deficit financing takes place
(C) only exports take place
(D) neither exports or imports take place
Q47. In 1944 leading businessmen & industrialist (JRD Tata, GD Birla et(c)) put forward A plan of Economic Development for India in the name of
(A) Bombay Plan
(B) Janshree Plan
(C) Sarvodaya Plan
(D) None of these
Q48. NREGP is the abbreviated form of–
(A) National Rural Employment Guarantee Programme
(B) National Rural Educational Guarantee Programme
(C) National Rapid Educational , Guarantee Programme
(D) National Rapid Employment Guarantee Programme
Q49. Cattle rearing along with farming is called.
(A) Mixed Farming
(B) Mixed Agriculture
(C) Dairy Farming
(D) Truck Agriculture
Q50. Sex-ratio means–
(a) Number of females per thousand males
(b) Number males per thousand females
(c) Number of children per thousand males
(d) Number of males per thousand children
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What is economic planning in India?
Economic planning in India refers to the process by which the government formulates and implements policies and strategies to achieve economic growth, development, and social welfare. It involves setting targets, allocating resources, and implementing measures to promote various sectors of the economy.
When did economic planning start in India?
Economic planning in India officially started with the introduction of the First Five-Year Plan in 1951. This marked the beginning of a series of five-year plans that aimed to accelerate the country’s economic growth and development.
How many five-year plans have been implemented in India?
India has implemented 12 five-year plans so far. The last five-year plan, the Twelfth Five-Year Plan, covered the period from 2012 to 2017. However, since 2017, India has transitioned to a new system of development planning called the NITI Aayog’s three-year action plans and seven-year strategy.
What are the main objectives of economic planning in India?
The main objectives of economic planning in India include achieving high and sustained economic growth, reducing poverty and unemployment, promoting social justice and equity, improving infrastructure, enhancing human development, and ensuring environmental sustainability.
Who is responsible for economic planning in India?
The responsibility for economic planning in India rests primarily with the government. The Ministry of Finance and various planning bodies, such as the NITI Aayog (National Institution for Transforming India), play crucial roles in formulating and implementing economic plans.
How are resources allocated during economic planning?
Resources are allocated during economic planning through the government’s budgetary process. The government sets priorities and allocates funds to different sectors, such as agriculture, industry, infrastructure, education, healthcare, and social welfare, based on the goals and objectives of the economic plan.
What is the role of the private sector in economic planning?
The private sector plays a significant role in economic planning in India. It contributes to investments, job creation, technological innovation, and overall economic growth.