Five Year Plans — Set 1
Economics · पंचवर्षीय योजनाएं · Questions 1–10 of 100
The First Five Year Plan in India was based on which economic model?
Correct Answer: D. Harrod-Domar Model
The First Five Year Plan was based on the Harrod-Domar model which emphasized the role of savings and investment. This plan primary focused on the development of the agricultural sector to ensure food security. It was launched in 1951 and achieved a growth rate higher than its target.
During which Five Year Plan was the 'Garibi Hatao' (Remove Poverty) slogan introduced?
Correct Answer: A. Fifth Five Year Plan
The 'Garibi Hatao' slogan was a core part of the Fifth Five Year Plan initiated by Indira Gandhi. The plan aimed at achieving self-reliance and the removal of poverty through targeted programs. It was terminated one year ahead of its schedule by the Janata Government in 1978.
Which Five Year Plan is known for the introduction of the Mahalanobis Model in India?
Correct Answer: C. Second Five Year Plan
The Second Five Year Plan was based on the Mahalanobis Model which advocated for heavy industrialization. It shifted the focus from agriculture to the development of public sector and capital goods industries. Three major steel plants were established during this period with foreign collaboration.
The 'Plan Holiday' period in Indian economic history refers to which of the following years?
Correct Answer: A. 1966-1969
The 'Plan Holiday' occurred between 1966 and 1969 when three annual plans were implemented instead of a five-year plan. This was due to economic instability caused by wars with China and Pakistan and severe droughts. It was a period of consolidation before the launch of the Fourth Plan.
The core objective of the Twelfth Five Year Plan was stated as?
Correct Answer: A. Faster, More Inclusive and Sustainable Growth
The Twelfth Five Year Plan set its main goal as 'Faster, More Inclusive and Sustainable Growth'. It was the last five-year plan of India, running from 2012 to 2017. Following this plan, the Planning Commission was replaced by NITI Aayog.
Which body was responsible for the final approval of Five Year Plans in India before its dissolution?
Correct Answer: B. National Development Council
The National Development Council (NDC) was the apex body that gave final approval to the draft five-year plans. It comprised the Prime Minister, Union Cabinet Ministers, and Chief Ministers of all states. This ensured a cooperative federal structure in the planning process.
The concept of 'Rolling Plan' was introduced by which government in India?
Correct Answer: D. Janata Government
The Janata Government introduced the Rolling Plan concept in 1978 after terminating the Fifth Plan. A rolling plan is characterized by periodic reviews and adjustments to targets every year. This system ended when the Congress government returned to power in 1980.
During which Five Year Plan were 14 major Indian commercial banks nationalized?
Correct Answer: B. Fourth Plan
Fourteen major commercial banks were nationalized in 1969 during the Fourth Five Year Plan. This move aimed to expand the reach of banking services to rural and underserved areas. It was a significant step towards social control of financial resources.
The focus on 'Growth with Social Justice and Equality' was the main theme of which plan?
Correct Answer: A. Ninth Five Year Plan
The Ninth Five Year Plan focused on 'Growth with Social Justice and Equality' to balance economic development with welfare. It emphasized the empowerment of women and socially disadvantaged groups. The plan spanned the period from 1997 to 2002.
In which year was the Planning Commission of India established?
Correct Answer: A. 1950
The Planning Commission was established in March 1950 by an executive resolution of the Government of India. It was a non-constitutional and non-statutory body chaired by the Prime Minister. Its primary mandate was to formulate the five-year plans for national development.