History of Development and Planning - Economics General Awareness Objective Questions with Answers

41 For internal financing of Five Year Plans, the government depends on:

A Taxation only

B Public borrowing and deficit financing

C Taxation and public borrowing

D Taxation, public borrowing and deficit financing

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Answer: Option [A]

42 The Five Year Plans of India intend to develop the country industrially through:

A The private sector

B The public sector

C Increasing collaboration with non-resident Indians

D The public, private, joint and Cooperative sectors

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Answer: Option [D]

43 In which sector, the Public Sector is most dominant in India ?

A Transport

B Commercial banking

C Steel production

D Organized term-lending financial institutions

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Answer: Option [B]

44 India had a plan holiday:

A After the China-India War of 1962

B After the India-Pakistan War in 1965

C After the drought of 1966

D After the liberation of Bangladesh in 1971

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Answer: Option [C]

45 In India, the concepts of “minimum needs” and “direction anti-poverty programmes ” were the innovations of:

A Fourth Five-year Plan

B Fifth Five-Year Plan

C Sixth Five-Year Plan

D Eighth Five-Year Plan

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Answer: Option [B]

46 The leading steel plants at Durgapur, Bhilai and Rourkela of India 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 Plan

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Answer: Option [B]

47 Which one of the following is a driving force influencing the industrial growth of an economy ?

A Economic Factors only

B Investment only

C Innovation/Market Base only

D All of the above

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Answer: Option [D]

48 The Nehru-Mahalanobis strategy of development guided the planning practice in India from the

A First Five-Year Plan to the Sixth Five-Year Plan

B First Five-Year Plan to the Eighth Five-Year Plan

C Second Five-Year Plan to the Seventh Five-Year Plan

D Fourth Five-Year Plan to the Eighth Five-Year Plan

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Answer: Option [C]

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

I. Balanced growth

II. Rehabilitation of the economy

III. Industrial development

A I, III, II

B II, I, III

C II, III, I

D III, II, I

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Answer: Option [C]

50 Which one of the following is/ are a/ an indicator of the financial health of a country ?

I. GDP

II. PPP

III. FDI in a year

A Only I

B Only II

C Only III

D All I, II & III

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Answer: Option [D]

History of Development & Planning - Indian Economy General Awareness MCQs | Page-5

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