Five Year Plans — Set 2
Economics · पंचवर्षीय योजनाएं · Questions 11–20 of 100
The 'Gadgil Formula' was first utilized to determine state plan assistance during which plan?
Correct Answer: D. Fourth Plan
The Gadgil Formula was introduced during the Fourth Five Year Plan to distribute central plan assistance among states. It prioritized population size and per capita income in the allocation process. It helped in bringing transparency to the transfer of funds from the center.
The strategy of 'Inclusive Growth' was formally adopted for the first time in which plan?
Correct Answer: A. Eleventh Plan
The Eleventh Five Year Plan (2007-2012) adopted 'Towards Faster and More Inclusive Growth' as its central theme. It aimed to reduce poverty and create high-quality employment opportunities across all sections. This plan recorded one of the highest average growth rates in India's history.
Economic planning in India is included in which list of the Seventh Schedule of the Constitution?
Correct Answer: D. Concurrent List
Economic and Social Planning is listed as item number 20 in the Concurrent List of the Indian Constitution. This allows both the central and state governments to formulate and implement developmental plans. It reflects the shared responsibility in the nation's economic progress.
The 'Minimum Needs Programme' (MNP) was launched during which Five Year Plan?
Correct Answer: D. Fifth Plan
The Minimum Needs Programme was launched during the Fifth Five Year Plan (1974–78). Its objective was to provide basic minimum requirements like rural health, water, and electricity to the masses. This program focused on improving the quality of life for the rural poor.
Who was the first Deputy Chairman of the Planning Commission of India?
Correct Answer: C. Gulzarilal Nanda
Gulzarilal Nanda served as the first Deputy Chairman of the Planning Commission while Jawaharlal Nehru was the ex-officio Chairman. The Deputy Chairman was the functional head of the commission responsible for day-to-day coordination. This post carried the rank of a Cabinet Minister.
The 'Green Revolution' in India was a major highlight during the period of which plan/gap?
Correct Answer: B. Plan Holiday (Annual Plans)
The Green Revolution was initiated in the mid-1960s, coinciding with the period of Annual Plans (1966-69). High-yielding variety seeds and modern irrigation were introduced to boost food grain production. This transformation made India self-sufficient in food grains, particularly wheat.
Which Five Year Plan saw the highest ever growth rate achieved compared to its target?
Correct Answer: B. Eighth Plan
The Eighth Five Year Plan (1992-1997) achieved a growth rate of 6.8% against a target of 5.6%. This success followed the economic liberalization and LPG reforms initiated in 1991. It focused on the modernization of industries and human resource development.
The target to double the per capita income of India in 10 years was set in which plan?
Correct Answer: D. Tenth Plan
The Tenth Five Year Plan (2002-2007) aimed to double the per capita income of the country over the next decade. It focused on reducing the poverty ratio to 15% by 2007. This plan emphasized the role of the private sector and foreign direct investment.
Which Five Year Plan was specifically termed as the 'Industrial and Transport Plan'?
Correct Answer: D. Second Plan
The Second Five Year Plan is often called the Industrial and Transport Plan due to its heavy emphasis on steel plants and railways. It allocated nearly 20% of its budget to industrial development. This plan laid the foundation for the public sector's dominance in heavy industry.
The 'Bombay Plan' of 1944 was presented by which group?
Correct Answer: B. Leading Industrialists
The Bombay Plan was a set of economic proposals for post-war India presented by eight leading industrialists. It advocated for massive state intervention and public investment in heavy industries. This plan influenced the subsequent state-led planning model in independent India.