Indian Economy Textbook Questions – Five Year Plan Models · Planning Commission · NITI Aayog (Part 1)
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First 3, Third 4, Fourth 1, Fifth 2.
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Indian Economy Textbook Questions – Five Year Plan Models · Planning Commission · NITI Aayog (Part 1) – 21 questions, subject: Economy. Every question has the correct answer with a one-line explanation; tap "Show Answer". Free practice for TNPSC, UPSC, SSC, Bank and RRB exams – Shanmugam IAS Academy, Coimbatore.
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1.
From which Five Year Plan did India adopt indicative planning?
Correct Answer: C [Eighth Plan]
Explanation:
Eighth Plan (1992–97): after liberalisation.
2.
From which country did India borrow the system of Five Year Plans?
Correct Answer: B [Soviet Union]
Explanation:
The Soviet Union began it in 1928.
3.
Who proposed the Gandhian Plan of 1944?
Correct Answer: B [Shriman Narayan Agarwal]
Explanation:
Roy = People's Plan; J.P. = Sarvodaya Plan.
4.
On which date was the Planning Commission set up?
Correct Answer: C [15.3.1950]
Explanation:
1.4.1951 = start of the First Plan.
5.
When was the National Development Council set up?
Correct Answer: A [6.8.1952]
Explanation:
2.10.1952 = Community Development Programme.
6.
The First Five Year Plan was based on which model?
Correct Answer: B [Harrod–Domar model]
Explanation:
Mahalanobis = Second Plan.
7.
Which period is known as the "Plan holiday"?
Correct Answer: D [1966–69]
Explanation:
1978–80 = rolling plan; 1990–92 = annual plans.
8.
What was the special focus of the Seventh Five Year Plan?
Correct Answer: A [Food, Work and Productivity]
Explanation:
Social justice = Ninth Plan; inclusive growth = 11th Plan.
9.
Which was India's last Five Year Plan?
Correct Answer: B [12th Plan (2012–17)]
Explanation:
There is no 13th Plan.
10.
On which date did NITI Aayog come into being?
Correct Answer: D [1.1.2015]
Explanation:
15.8.2014 = the Prime Minister's announcement.
11.
Who was the first Vice-Chairperson of NITI Aayog?
Correct Answer: C [Arvind Panagariya]
Explanation:
Amitabh Kant = CEO.
12.
Which are the Aspirational Districts of Tamil Nadu?
Correct Answer: A [Ramanathapuram, Virudhunagar]
Explanation:
2018 list, 112 districts.
13.
Which body set up the Atal Innovation Mission?
Correct Answer: D [NITI Aayog]
Explanation:
2016; AIM 2.0 runs till March 2028.
14.
Match the following:
| a. Imperative planning | 1. Continuous plan |
| b. Indicative planning | 2. Long-term plan of 10–30 years |
| c. Perspective plan | 3. Targets are compulsory |
| d. Rolling plan | 4. Targets only guide |
Correct Answer: D [3 4 2 1]
Explanation:
Imperative 3, Indicative 4, Perspective 2, Rolling 1.
15.
Arrange chronologically: (1) People's Plan (2) Visvesvaraya Plan (3) Sarvodaya Plan (4) Gandhian Plan
Correct Answer: A [2 4 1 3]
Explanation:
1934 → 1944 → 1945 → 1950.
16.
Who was NOT a signatory of the Bombay Plan?
Correct Answer: D [M.N. Roy]
Explanation:
M.N. Roy = People's Plan (1945).
17.
Which of the following statements are correct?
- The Planning Commission was set up by an Act of Parliament.
- "Economic and social planning" is entry 20 of the Concurrent List.
- The Prime Minister was the ex-officio chairman of the Planning Commission.
Correct Answer: B [2, 3 only]
Explanation:
The Planning Commission was set up by a Cabinet resolution.
18.
Article 243ZD of the Constitution deals with:
Correct Answer: C [District Planning Committee]
Explanation:
243ZE = Metropolitan Planning Committee.
19.
As per the Harrod–Domar model, if the saving rate is 21% and the capital–output ratio is 3, what is the growth rate?
Correct Answer: B [7%]
Explanation:
g = s ÷ v = 21 ÷ 3 = 7%.
20.
Assertion (A): The Second Plan gave priority to heavy industries.
Reason (R): The Mahalanobis model held that investment in the capital-goods sector speeds up long-run growth.
கூற்று–காரண வினாக்களுக்கான தேர்வுகள்
(A) கூற்றும் காரணமும் சரி; காரணம் கூற்றுக்குச் சரியான விளக்கம்
(B) கூற்றும் காரணமும் சரி; ஆனால் காரணம் சரியான விளக்கம் அல்ல
(C) கூற்று சரி; காரணம் தவறு
(D) கூற்று தவறு; காரணம் சரி
Options for Assertion–Reason questions
(A) Both A and R are true; R is the correct explanation of A
(B) Both A and R are true; R is not the correct explanation of A
(C) A is true; R is false
(D) A is false; R is true
Correct Answer: A []
Explanation:
The reason is the very basis of the assertion.
21.
Match the plan with its objective:
| a. First Plan | 1. Growth with stability |
| b. Third Plan | 2. Garibi Hatao |
| c. Fourth Plan | 3. Agriculture and irrigation |
| d. Fifth Plan | 4. Self-generating economy |
Correct Answer: C [3 4 1 2]
Explanation:
First 3, Third 4, Fourth 1, Fifth 2.
? Full lessons and explanations – Indian Economy PDF textbook (₹299): www.shanmugamiasacademy.in/study-materials/tnpsc-gs-unit-5-indian-economy
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