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Economic Planning & Five-Year Plans

19 questions in Indian Economy.

Asked in 2019, 2017, 2015, 2014, 2011, 2010, 2009, 2004, 2002, 1999, 1997, 1996, 1995

2019 · Q70Indian EconomyEconomic Planning & Five-Year Plansmoderate

With reference to India’s Five-Year Plans, which of the following statements is/are correct? 1. From the Second Five-Year Plan, there was a determined thrust towards substitution of basic and capital good industries. 2. The Fourth Five-Year Plan adopted the objective of correcting the earlier trend of increased concentration of wealth and economic power. 3. In the Fifth Five-Year Plan, for the first time, the financial sector was included as an integral part of the Plan. Select the correct answer using the code given below.

  1. (a)1 and 2 only
  2. (b)2 only
  3. (c)3 only
  4. (d)1, 2 and 3
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Official answer(a) 1 and 2 only

2017 · Q77Indian EconomyEconomic Planning & Five-Year Plansmoderate

Which of the following has/have occurred in India after its liberalization of economic policies in 1991 ? 1. Share of agriculture in GDP increased enormously. 2. Share of India's exports in world trade increased. 3. FDI inflows increased. 4. India's foreign exchange reserves increased enormously. Select the correct answer using the codes given below :

  1. (a)1 and 4 only
  2. (b)2, 3 and 4 only
  3. (c)2 and 3 only
  4. (d)1, 2, 3 and 4
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Official answer(b) 2, 3 and 4 only

2004 · Q52Indian EconomyEconomic Planning & Five-Year Plansmoderate

Consider the following statements: 1. The highest deciding body for planning in India is the Planning Commission of India. 2. The Secretary of the Planning Commission of India is also the Secretary of the National Development Council. 3. The Constitution includes economic and social planning in the Concurrent List in the Seventh Schedule of the Constitution of India. Which of the statements given above is/are correct?

  1. (a)1 and 2
  2. (b)2 and 3
  3. (c)2 only
  4. (d)3 only
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Official answer(b) 2 and 3

1999 · Q39Indian EconomyEconomic Planning & Five-Year Plansmoderate

The planning process in the industrial sector in India has assumed a relatively less important position in the nineties as compared to that in the earlier period. Which one of the following is true in this regard?

  1. (a)With the advent of liberalisation, industrial investments/development have largely been placed within the domain of private and multinational sectors
  2. (b)With markets assuming a central place, the role of central planning in many sectors has been rendered redundant
  3. (c)The focus of planning has shifted to sectors like human resource development, infrastructure, population control and welfare
  4. (d)The nation’s priorities have shifted away from industrial development to rural development
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Official answer(b) With markets assuming a central place, the role of central planning in many sectors has been rendered redundant

1996 · Q27Indian EconomyEconomic Planning & Five-Year Plansmoderate

Which one of the following is correct regarding stabilization and structural adjustment as two components of the new economic policy adopted in India?

  1. (a)Stabilization is a gradual, multi-step process while structural adjustment is a quick adaptation process
  2. (b)Structural adjustment is a gradual, multi-step process, while stabilization is a quick adaptation process
  3. (c)Stabilization and structural adjustment are very similar and complementary policies. It is difficult to separate one from the other
  4. (d)Stabilization mainly deals with a set of policies which are to be implemented by the Central Government while structural adjustment is to be set in motion by the State Governments
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Official answer(b) Structural adjustment is a gradual, multi-step process, while stabilization is a quick adaptation process