Five Year Plans In India

Question 1

Utilisation of countries resources in different development activities in accordance with national priorities is called

Answer 1

Economic planning

Question 2

In which year was Planning Commission set up ?

Answer 2

1950

Question 3

Who was the chairman of planning commission ?

Answer 3

Pandit Jawaharlal Nehru

Question 4

Planning commission was replaced by ?

Answer 4

NITI Aayogaa

Question 5

In which year was planning commission changed to NITI Aayog

Answer 5

January 2015

Question 6

Role of NITI Aayog is ?

Answer 6

Suggest policies to accelerate the pace of GDP Growth

Question 7

Planning that covers both social and economic spheres of growth is termed as ?

Answer 7

Comprehensive planning

Question 8

Long term plans are termed as ?

Answer 8

Perspective plan

Question 9

What are the key examples of Economic spheres of planning

Answer 9

Agriculture, industry ,trade , transportation

Question 10

Example of social spheres are ?

Answer 10

Education , health , housing

Question 11

Five year plan was introduced and lasted till

Answer 11

1951 - 2012

Question 12

One annual plan was introduced in and lasted till ?

Answer 12

April 1 , 1979 - 31 March 1980

Question 13

Three annual plan was introduced and lasted till ?

Answer 13

April 1 - 1966 - 31 March ,1969

Question 14

Two annual plan was introduced in and lasted till?

Answer 14

April 1 - 1990 - 31 March 1992

Question 15

Economic System Consists of ?

Answer 15

1) system of production
2) system of resource allocation
3) system of distribution of goods and services in the economy

Question 16

Who is the architect of Indian Planning ?

Answer 16

Prashant Chandra Mahalanobis

Question 17

Who is the architect of Indian Planning ?

Answer 17

Prashant Chandra Mahalanobis

Question 18

He landmark contribution to Indian Planning in which five yr plan ?

Answer 18

During Second five year plan

Question 19

When Government of a country does not interfere in the market forces of supply and demand it is called ?

Answer 19

Free play of Market Forces

Question 20

What are the types of economic System

Answer 20

Social economy , Capitalist Economy , Mixed economy

Question 21

Three system of economy are differenciated on the basis of what ?

Answer 21

Degree of freedom of the market forces

Question 22

When five year plans were launched , india opted for which system of economy

Answer 22

Mixed Economy

Question 23

Other name of Market economy is ?

Answer 23

Capitalist Economy

Question 24

Indentity the type of economy

Means of production are owned by individuals and individual are free to take economic decision

Answer 24

Capitalist Economy

Question 25

Indentity the type of economy Where the main motive is profit maximization

Answer 25

Capitalist Economy

Question 26

When can we say that social justice is achieved ?

Answer 26

When there is EQUITABLE DISTRIBUTION OF INCOME AND WEALTH

Question 27

Indentity the type of economy | Where the means of production and economic decisions are made by some central authority

Answer 27

Socialist economy

Question 28

Indentity the type of economy where social justice is prevailed

Answer 28

Socialist economy

Question 29

Indentity the type of economy Production decisions are governed by the principal of profit maximization , but nt without checks and balances of social justice

Answer 29

Mixed economy

Question 30

Indentity the type of economy where the government sector is often inflicted with corruption

Answer 30

Mixed economy

Question 31

Industrial policy resolution was in which year

Answer 31

1948

Question 32

When the increase in the flow of goods and services | Is consistent over a long period of time it is called

Answer 32

Economic growth

Question 33

Increase in GDP depends upon what factors ?

Answer 33

- increase in resource base of our country | - increase in productivity through innovative technology

Question 34

What are the four goals of planning in india

Answer 34

- Increase in GDP GROWTH - MODERNISATION - updating and adoption of modern technology in the process of growth - self reliance and self sufficiency - Equitable Distribution

Question 35

The state of non dependence on the rest of the world for the financial resources is called ? The state of non dependence on the rest of the world For the essential supplies in the domestic eco is termed as ?

Answer 35

Self reliance | Self sufficiency

Question 36

India was pestered to end war with Pakistan for favour of food grain supplies from USA in which year

Answer 36

1965

Question 37

Prior to planning,national income in India was increased at which rate ? By the end of seventh plan it was recorded

Answer 37

O.5 % per annum 5.8%

Question 38

By the end of which yr indian eco had achieved the recognition of the emerging industrial economy

Answer 38

1990

Question 39

In which year economic infrastructure had recorded a significant growth

Answer 39

1950 - 1990

Question 40

international trade showed a growth in ?yr

Answer 40

1950 - 1991