Indian Economy Questions and Answers Part-6

1.Among the achievements of Indian planning, we may include:
1. development of strong infrastructure
2. diversification of industry and exports
3. high growth of national income
4. strong control over prices
a) 1 and 2
b) 1, 2 and 3
c) 1, 2 and 4
d) 2 and 3

Answer: a

2. Which of the following features indicate that Indian economy is of the developing category?
I. Occupation mainly agricultural
II. Chronic unemployment
III. Poor quality of human capital
IV. Low per capita intake of proteins:
a) I, II and III
b) I and IV
c) II and III
d) I, II, III and IV

Answer: d

3. Dadabhai Naoroji theorised on the drain of wealth from India in his book:
a) Poverty under British Rule in India
b) Poverty in British Rule in India
c) Poverty and Un-British Rule in India
d) Poverty of Economic Drain in British India

Answer: c

4. Which of the following may be termed as long-term objectives of Indian planning?
1. Self-reliance
2. Productive employment generation
3. Growth of 7 per cent per annum
4. Growth in infrastructure
a) 1 and 2
b) 3 and 4
c) 1, 2 and 4
d) 2, 3 and 4

Answer: a

5. Which one of the following Five-Year Plans recognised human development as the core of all developmental efforts?
a) The Third Five-Year Plan
b) The Fifth Five-Year Plan
c) The Sixth Five-Year Plan
d) The Eighth Five-Year Plan

Answer: d

6. 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

Answer: d

7. The Second Five Year Plan laid more stress upon:
a) agriculture
b) industrialisation
c) removing poverty
d) self-reliance

Answer: b

8. The steel plants at Durgapur, Bhilai and Rourkela were established during the period of:
a) First Five Year Plan
b) Second Five Year Plan
c) Third Five Year Plan
d) Fourth Five Year PIan

Answer: b

9. 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

Answer: c

10. 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

Answer: d