Economics · General Awareness

Indian Five-Year Plans

487 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

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 economics the story of village palampur farming and non-farming activities in village non - economic activities economy of a village

NABARD was established in __________.

  1. Fourth Plan

  2. Fifth Plan

  3. Sixth Plan

  4. Seventh Plan
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Sixth Five Year Plan India was started from the period between 1980 to1985. Moreover, to achieve agriculture and rural development, a major step was taken. NABARD was established based on the recommendations of B. Sivaraman Committee, by Act 61, 1981 of Parliament on the date of 12 July 1982. The purpose was to implement the National Bank for Agriculture and Rural Development Act of 1981.

Thus, the correct answer is C.

Multiple choice commerce business finance financial planning financing financial management

Plans made for a period of _____ year or less is termed as budget.

  1. one

  2. two

  3. three

  4. four
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

A budget is a financial plan for a defined period of time, usually a year.

A budget is the sum of money allocated for a particular purpose and the summary of intended expenditures along with proposals for how to meet them. It may include a budget surplus, providing money for use at a future time, or a deficit in which expenses exceed income.

Multiple choice commerce business finance financial planning financing financial management

Financial planning is done for ______ to _______ years.

  1. One, two

  2. two, three

  3. three, five

  4. five, ten
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation
Financial planning is done for three to five years. For longer periods it becomes more difficult and less useful. Plans made for periods of one year or less are termed as budgets. Budgets are example of financial planning exercise in greater details. They include detailed plan of action for a period of one year or less.
Multiple choice economics indian economy on the eve of independence british colonial rule indian, capitalist and mixed economy development experience (1947-90)

Which of the following set of wars was mainly responsible for failure of the Third 5 year Plan?

  1. Indo-China war of 1962 and Indo-Pak war of 1947

  2. Indo-China war of 1962 and Indo-Pak war of 1965

  3. Indo-Pak war of 1971 and Kargil war of 1999

  4. Indo -china war of 1962 and Indo-Pak war of 1971
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The term of the third five year plan was from 1960 to 1965 in between which these two wars broke out the devastated the Indian economy and led to the failure of this plan.

Multiple choice history emerging political trends 1977 to 2000 emerging political trends from 1977 to 2000 india: events after 1960 post independence

The Five Year Plans were introduced by which organisation?

  1. National Planning Commission

  2. Reserve Bank of India

  3. Indian Railway

  4. None of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Indian wanted to establish an economy based on social justice through planning. For this, the National Planning Commission was established that would coordinate development through the policy of Five Year Plans.

Multiple choice civics growth of rural economy rural economy changing life: 1 meaning and importance of rural development

The regional rural bank was set up in which five years plan to help low-income groups?

  1. First five year plan

  2. Third five year plan

  3. Fifth five year plan

  4. Seventh five year plan
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

  • Regional rural banks are local level organizations operating in the rural areas of different states of India. They help in providing basic finances to the rural farmers.
  • In India, they started functioning from 1975.
  • The regional rural bank was set up during Seventh five years plan.

Multiple choice political science our society marginalisation in india understanding marginalisation challenges and solutions

The eleventh plan endeavored to increase the enrolment in higher education of the 18 to 23 years age group to _______.

  1. 25%

  2. 15%

  3. 13%

  4. 12%
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Eleventh five year plan was in action from the year 2007 to 2012. The plan endeavoured to increase the enrolment in higher education of the 18 to 23 years age group to 15%. It also aimed to Increase literacy rate for persons of age 7 years or more to 85%.