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 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

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%.

Multiple choice geography asia india and her neighbours india and other countries some neighbouring countries of india and its relationship with them

Green Revolution was launched in ______.

  1. 1950-51

  2. 1967-68

  3. 1970-71

  4. 1980-81
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The green revolution was launched in 1967-68. In the year 1966 High Yielding Varieties Program (HYVP) was introduced in the Kharif season. After this program, the production of food grains in 1967-68 was 25% higher than that of 1966-67.  This increase was more than the increase recorded the preceding 16 years of the plan period, so this time period is termed as green revolution.

Multiple choice civics agriculture in india - i : introduction agricultural reforms indian agriculture problem and policies plantation of crops

Under which plan did the Government introduce an agricultural strategy which gave rise to Green Revolution?

  1. Sixth Five Year Plan (FYP)

  2. Second FYP

  3. Fourth FYP

  4. Third FYP
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Green Revolution in India was initiated during the mid-1960s, which falls within the period of the Fourth Five Year Plan (1969-1974) when high-yielding variety seeds were widely introduced.

Multiple choice business economics and quantitative methods introduction to managerial economics theories of employment and income concept of international trade macro economic analysis

Which of the following plan was put off by three years due to severe drought and aggression from China and Pakistan?

  1. Third five year plan

  2. Fourth five year plan

  3. Fifth five year plan

  4. Sixth five year plan
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

In 1965, when fourth plan was to be launched, Indo-Pakistan conflict led to war. The Pakistan favouring countries like US and others withdrew foreign aid to India. Again in 1966, due to drought, there was food shortage. The Indian government had to take help from USA and they were helped leading to financial crisis more severe. Amidst of these conditions, fourth five year plan was launched in 1969.

Multiple choice business economics and quantitative methods introduction to managerial economics theories of employment and income concept of international trade macro economic analysis

The period of the fifth five year plan was reduced by __________.

  1. 1 year

  2. 2 years

  3. 3 years

  4. 1.5 years
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The Janata Party government rejected the fifth five-year plan and introduced a new Sixth five-year plan(1978-1983). This plan was again rejected by the Indian National Congress government when it came to power in 1980 and a new sixth plan was made. The earlier one was subsequently referred to as a rolling plan. Rolling plan concept was coined by Gunnar Myrdal.

Multiple choice business economics and quantitative methods introduction to managerial economics theories of employment and income concept of international trade macro economic analysis

In the first five year plan (1951-56) the national income rose to ________.

  1. 20%

  2. 18%

  3. 24%

  4. 16%
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation
Although the target for national income growth was only an 11% increase, the actual increase was 18% from Rs. 8850 crore the national income increased to Rs. 10,480 crore by the end of the first plan. Per capita income went up by 11%.
The target growth rate was 2.1% annual gross domestic product (GDP) growth; the achieved growth rate was 3.6% the net domestic product went up by 15%. The monsoon was good and there were relatively high crop yields, boosting exchange reserves and the per capita income, which increased by 8%. 
Multiple choice business economics and quantitative methods introduction to managerial economics theories of employment and income concept of international trade macro economic analysis

Which of the following was the focus for the second five year plan?

  1. Agriculture

  2. Industrialization

  3. Removing poverty

  4. Self reliant
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

It was particularly for the development of the public sector and rapid industrialization. The plan was followed by Mahalanobis model, a economic development model developed by the Indian statistician Prasanta Chandra Mahalanobis in 1953. The plan attempted the allocation of investment between productive sectors in order to maximize long-run economic growth. Its objective was Rapid industrialization, particularly basic and heavy industries such as iron and steel, heavy chemicals, fertilizers, heavy engineering and machine building industry.

Multiple choice business economics and quantitative methods introduction to managerial economics theories of employment and income concept of international trade macro economic analysis

The central focus of 8th five year plan was ___________.

  1. To generate more employment oppurtunities

  2. To increase more communication facilities

  3. To increase the value of foreign trade

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

After the worsening situation of balance of payment and inflation during 1990-91, the eighth five year plan was launched in 1992. The main focus was generation of adequate employment to achieve full employment level as it was realised that the problem of poverty could not be tackled through growth alone.