Economics · General Awareness

Indian Five-Year Plans

480 Questions

Indian Five Year Plans form a critical component of Indian economic history, detailing objectives like poverty alleviation and industrial growth. Questions target specific timelines, agricultural targets, and industrial policies established across various plan periods. This topic is a staple in civil services and state preliminary examinations.

Plan objectivesAgricultural targetsIndustrial growthPoverty alleviationEconomic timeline

Indian Five-Year Plans Questions

Multiple choice

Who finally approves the draft of a five year plan?

  1. Planning commission

  2. President

  3. National Development Council

  4. Parliament and State Legislatures
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The National Development Council (NDC) was the highest body responsible for the final approval of the Five-Year Plans in India.

Multiple choice

KVIC (Khadi and Village Industry Commission) was established in the ...........

  1. First Five Year Plan

  2. Second Five Year Plan

  3. Third Five Year Plan

  4. Fourth Five Year Plan
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

KVIC (Khadi and Village Industry Commission) was established in the Second Five Year Plan.  Khadi and Village Industries (KVIC) were formed during the second five year plan by promulgation of an Act in the parliament with the aim to develop Khadi & Village Industries. The headquarters of the Commission is at Bombay & in each State they have an office to have close monitoring of implementation of their programmes.  

Multiple choice

Which plan was suspended one year before the time schedule?

  1. First Five-Year Plan (1951-56)

  2. Third Five-Year Plan (1966-71)

  3. Sixth Five-Year Plan (1980-85)

  4. Fifth Five-Year Plan (1974-79)
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The Fifth Five-Year Plan (1974-79) was suspended one year before the time schedule. The world economy was in a troublesome state when the Fifth Five-Year Plan was chalked out. This had a negative impact on the Indian economy. Prices in the energy and food sectors skyrocketed and as a consequence, inflation became inevitable. Therefore, the priority in the Fifth Five-Year Plan was given to the food and energy sectors. So, it was suspended one year before the time schedule.

Multiple choice

Which Indian Five-Year Plan ensured higher growth rate than the targeted growth rate?

  1. Second Five-Year Plan

  2. Fourth Five-Year Plan

  3. Fifth Five-Year Plan

  4. Eighth Five-Year Plan
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The Eighth Five-Year Plan ensured higher growth rate than the targeted growth rate. The major objectives included in this plan were controlling population growth, poverty reduction, employment generation, strengthening the infrastructure, institutional building, tourism management, human resource development, involvement of Panchayat Raj, Nagar Palikas, NGOs and people. 

Multiple choice

A rolling plan is a plan for

  1. one year

  2. three years

  3. five years

  4. two years
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

A rolling plan is a concept where the plan is updated annually, but it is typically designed to cover a five-year period, allowing for adjustments based on changing economic conditions.

Multiple choice

Consider the following statements:

  1. Although the First Five-Year Plan gave priority to Agriculture but there was hardly any increase in the agricultural production at the end of the Plan period.
  2. The iron and steel plants at Bhilai, Rourkela and Durgapur were set up during the First Five-Year Plan. Which of the statements given above is/are correct ?

  1. 1 only

  2. 2 only

  3. Both 1 and 2

  4. Neither 1 nor 2
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The First Five-Year Plan actually saw a significant increase in agricultural production, exceeding targets. The major steel plants (Bhilai, Rourkela, Durgapur) were established during the Second Five-Year Plan, not the first.

Multiple choice organisation of commerce and management sectoral organisation of business classification of commercial organisations public, private and joint sector private and public sector departmental undertakings meaning and features of departmental undertaking

Fast growth in the private sector was after the policy reforms announced in _____________.

  1. $1992$
  2. $1991$
  3. $1998$
  4. $2001$
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

According to the policy of 1991 the role of public sector was limited only to four industries; rest all the industries were opened for private sector also. Privatization refers to giving greater role to private sector and reducing the role of public sector. 

To execute policy of privatization government took the following steps:(a) Disinvestment of public sector, i.e., transfer of public sector enterprise to private sector (b) Setting up of Board of Industrial and Financial Reconstruction (BIFR). 

This board was set up to revive sick units in public sector enterprises suffering loss. (c) Dilution of Stake of the Government. If in the process of disinvestment private sector acquires more than 51% shares then it results in transfer of ownership and management to the private sector.

Multiple choice economics development of maharashtra - service sector the economy of maharashtra economics

What is the target of Road development plan (2001-2021)?

  1. To develop 1.37 lakh kms of road

  2. To develop 2.37 lakh kms of road

  3. To develop 3.37 lakh kms of road

  4. To develop 4.37 lakh kms of road
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Road development plan (2001-2021) is being implemented in the state of Maharashtra with a target to develop 3.37 lakh kms of road.

Multiple choice evs - i agricultural development in india social and economic change food storage and conservation of environment independent india (the first 30 years - 1947-77)

Green Revolution was witnessed during which of the following Five Year Plans?

  1. First

  2. Second

  3. Third

  4. Fourth
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

During the third Five Years Plan (1961-66), the priorities were on self-sufficiency in food grains, meeting the raw material needs of industries and increase in exports. During this period, Green Revolution programme was started on a small scale. During the fourth five year plan,  High Yielding Variety (HYV) of seeds, fertilizer use, new agriculture techniques and irrigation facilities provided to expand area of Green Revolution

Multiple choice civics agricultural development in india social and economic change food storage and conservation of environment independent india (the first 30 years - 1947-77)

Who wrote "Planned Economy for India" in $1934$?

  1. Dr VKRV Rao

  2. Sir M Visvesvaraya

  3. Prof Dantawala

  4. Neela Kanta Rath
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Mokshagundam Visvesvaraya was the Diwan of Mysore for the period 1912-1918. He was a notable Indian engineer, scholar and also statesman. He was awarded the Bharat Ratna in 1955. Moreover, he wrote the book titled “ Planning Economy for India” in 1934. The book emphasised on the economic planning of the country.

Thus, the correct answer is B.