Indian Economy Planning MCQ Indian Economy Planning MCQ

Nature Of Indian Economy
National income in India

1. The Planning Commission of India is :

(a) A constitutional body

(b) An independent and autonomous body

(c) A Statutory body

(d) A non-statutory body

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

(a) Second Five Year Plan 

(b) Third Five Year Plan

(c) Fourth Five Year Plan 

(d) Sixth Five Year Plan

3. The Second Five Year Plan was based on :

(a) Mahalanobis Model

(b) Vakil and Brahmananda’s Wage – Goods Model

(c) Harrod- Domar Growth Model

(d) Solow Growth Model

4. The Planning Commission of India was constituted in the year:

(a) 1942

(b) 1947

(c) 1950

(d) 1955

5. Which Plan gave emphasis on removal of poverty for the first time?

(a) Fourth

(b) Fifth

(c) Sixth

(d) Seventh

6. The period of the Eleventh Five Year Plan is:

(a) 2005 to 2010

(b) 2006 to 2011

(c) 2007 to 2012

(d) 2008 to 2013

7. Mahalanobis Model has been associated with which Five Year Plan ?

(a) First Five Year Plan

(b) Second Five Year Plan

(c) Third Five Year Plan

(d) Fourth Five Year Plan

8. Which one of the following is NOT correct?

(a) First Five Year Plan : 1951 – 56

(b) Second Five Year Plan: 1956- 61

(c) Third Five Year Plan: 1961-66

(d) Fourth Five Year Plan: 1966-71 

9. In the post-independence period, economic reforms were first introduced in India under :

(a) Janata Party Government (1977)

(b) Indira Gandhi Government (198O)

(c) Rajiv Gandhi Government (1985)

(d) P.V. Narasimha Rao Government (1990)

10. Only one of the following can be the ex-officio Chairman of the Planning Commission. He is the :

(a) Minister for Planning and Development

(b) Home Minister

(c) Prime Minister

(d) Finance Minister

11. What is the Tenth Plan period ?

(a) Year 1999 to 2003

(b) Year 2000 to 2005

(c) Year 2002 to 2007

(d) None of these

12. When was the Planning Commission established ?

(a) 10th March, 1950

(b) 15th March, 1950

(c) 20th March, 1950

(d) 16th March, 1951

13. Economic Planning is in :

(a) Union list

(b) State list

(c) Concurrent list

(d) not any specified list

14. Which one of the following pairs is NOT correctly matched?

(a) First Five Year Plan: 1951 – 56

(b) Third Five Year Plan : 1961- 66

(c) Fifth Five Year Plan : 1974-79

(d) Ninth Five Year Plan: 1996-2001

15. Which of the following is/are included in ‘Deficit Financing in India. The term is used frequently in economic planning:

1. Borrowing from the Reserve Bank of India

2. Issue of new currency notes

3. withdrawal of past balances/surpluses etc

(a) only1

(b) only 2

(c) only 3

(d) All 1, 2 and 3

(e) None of these

Indian Economy Planning MCQ

16. Which one of the following is NOT within the duties of the Planning Commission ?

(a) To define the stage of growth and suggest allocation of resources

(b) To make an assessment of the material, capital and human resources of the country

(c) To determine the nature of machinery required for implementation of plan proposals

(d) To prepare the annual central budget

17. Which Five Year Plan had an objective of ‘Rapid industrialization with particular emphasis on development of basic and heavy industries’ ?

(a) First 

(b) Second

(c) Third

(d) Fourth

18. Which is the highest body that approves Five Year Plans in the country ?

(a) Planning Commission

(b) Union Cabinet

(c) Parliament

(d) National Development Council

19. In India, the concept of ‘minimum needs’ and directed anti-poverty programmes’ were the innovation of:

(a) Fourth Five Year Plan 

(b) Fifth Five Year Plan

(c) Sixth Five Year Plan

(d) Seventh Five Year Plan

20. 9th Plan in India covers the period of :

(a) 1990- 1995

(b) 1992-1997

(c) 1997-2002

(d) None of these

21. Which of the following is an extra-constitutional and non-statutory body?

(a) Planning Commission

(b) Finance Commission

(c) Election Commission

(d) Union Public Service Commission

22. A rolling plan refers to a plan which :

(a) does not change its targets every year

(b) changes its allocations every year

(c) changes its allocations and targets every year

(d) changes only its targets every year

23. Which one of the following Five Year Plarns of Inale ts growth with social justice and equality for achieving goal as the main focus?

(a) VI

(b) VII

(c) VIII

(d) IX

24. The outline of Second Five Year Plan was made by:

(a) B. N. Gadgil

(b) V. K. R. V. Rao

(c) P.C. Mahalanobis

(d) C. N. Vakil

25. NABARD was established in the :

(a) Fourth Five Year Plan 

(b) Fifth Five Year Plan

(c) Sixth Five Year Plan 

(d) Eighth Five Year Plan

26. The main objective of the 12th Five Year Plan (2012-17) is–

(a) inclusive growth and poverty reduction

(b) inclusive and sustainable growth

(c) sustainable and inclusive growth to reduce unemployment

(d) faster, sustainable and more inclusive growth

27. In which year ‘Rolling Plan’ was in operation in India?

(a) 1968-69 

(b) 1978-79 

(c) 1988-89

(d) 1990-91

28. Inclusive growth would necessitate:

(a) Development of infrastructural facilities

(b) Revival of Agriculture

(c) Increase availability of social service such as education and health

(d) All the above

Indian Economy Planning MCQ

29. The theme of the approach paper of the Eleventh Five Year Plan has been:

(a) Indicative Planning

(b) Growth with Social Justice

(c) Towards faster and more inclusive growth

(d) Planning for prosperity

30. Which of the following is NOT a constitutional organ ?

(a) Election Commission

(b) Finance Commission

(c) Inter-State Council 

(d) Planning Commission

31. The Rolling Plan for backward countries was suggested by:

(a) Gunnar Myrdal

(b) W. A. Lewis

(c) R. Nurkse ioseng 

(d) A. Samuelson

32. Which one of the following statements is NOT true?

(a) Prime Minister is the Chairman of the Planning Commission of India

(b) The National Development Council is presided over by the Prime Minister of India

(c) Secretary of the Planning Commission is also thee Secretary of the National Development Council

(d) Planning Commission is the highest decision-making body for planning in India

33. The final authority in India to adopt the Five Year Plan for the country vests in :

(a) The Planning Commission

(b) The National Development Council 

(c) The Union Cabinet

(d) The Parliament

34. The National Development Council (NDC):

1. discusses progress of the National Plan 

2. suggests the way to achieve goals of the National Plan

3. gives guidelines to formulate the National Plan

4. suggests plan allocation

Consider the above statement, select the correct answer from the codes given below:


(a) 1, 2 and 3

(c) 1, 2 and 4

(b) 2, 3 and 4

(d) All of the above

35. The slogan ‘Garibi Unmulan’ (Poverty eradication) was given in which Five Year Plan?

(a) Second plan

(b) Fourth plan

(c) Fifth plan

(d) Sixth plan

36. In which Five Year Plan, Economic Development Rate was maximum ?

(a) First Five Year Plan

(b) Fourth Five Year Plan

(c) Sixth Five Year Plan 

(d) Tenth Five Year Plan

37. The period of Plan Holiday in India was:

(a) 1962-65

(b) 1966- 69

(c) 1969-72

(d) 1972 – 75

38. The Rolling Plan concept in national planning was introduced by:

(a) Indira Gandhi Government

(b) The National Front Government 

(c) The Janata Party Government

(d) Rajiv Gandhi Government 

39. In which Five Year Plan, the main objective was the eradication of poverty ?

(a) Fourth Five Year Plan 

(b) Fifth Five Year Plan

(c) Sixth Five Year Plan

(d) Seventh Five Year Plan

40. National Development Council was constituted on

(a) August 16, 1950

(b) April 1, 1951

(c) August 6, 1952

(d) August 16, 1952

Indian Economy Planning MCQ

41. Planning was considered a prerequisite

1. For balanced socio-economic development

2. For extending the benefits of development in an even manner

3. For focussing on removal of regional disparities

4. For maximizing the utilization of available resources

Select the correct answer from the codes given below :


(a) 1 and 2

(b) 1, 2 and 3

(c) 2, 3 and 4

(d) All the four

42. In the context of India’s Five Year Plans, a shift in the pattern of industrialization, with lower emphasis of heavy industries and move on infrastructure begins in:

(a) Fourth Plan

(b) Sixth Plan

(c) Eighth Plan

(d) Tenth Plan

43. Which of the following can aid in furthering the Government’s objective of inclusive growth?

1. Promoting Self Help Groups

2. Promoting Micro, Small and Medium Enterprises

3. Implementing the Rights to Education Act

Select the correct answer using the codes given below:

(a) 1 only

(b) 1 and 2 only

(c) 2 and 3 only

(d) 1, 2 and 3

44. The Planning Commission has been abolished by The Prime Minister–

(a) Narendra Modi

(b) Morarji Desai

(c) Atal Bihari Bhajpayee 

(d) I. K. Gujral

45. Which of the following is an extra-constitutional body ?

(a) Union Public Service Commission

(b) Finance Commission

(c) Election Commission

(d) Planning Commission

46. Who was the First Chairman of the Planning Commission of India ?

(a) M. Visvesvaraya

(b) Pt. Jawahar Lal Nehru

(c) PC. Mahalanobis

(d) John Mathai

47. Who presides over the National Development Council of India ?

(a) Deputy Chairman of Planning Commission of India

(b) Prime Minister of India

(c) Finance Minister of India

(d) Vice President of India

48. Which of the final authorities in India to approve Five Year Plans?

(a) Union Council of Ministers

(b) Planning Commission

(c) Prime Minister

(d) None of these

49. Planning in India, in real sense, began with the Second Five Year Plan. Who was the architect of Indian Planning?

(a) Jawahar Lal Nehru

(b) Morarji Desai

(c) C.D. Deshmukh

(d) P.C. Mahalanobis

50. Which of the following experienced the fastest expansion during the plan in India ?

(a) Agriculture

(b) Industry

(c) Services

(d) None of these

51. Whose name is associated with formulation of Planning Strategy in Second Five Year Plan ?

(a) Mahatma Gandhi

(b) Jawahar Lal Nehru

(c) Prasanta Chandra (P.C.) Mahalanobis

(d) B.R. Shenoy

52. Primary emphasis during Second Plan was laid on the development of:

(a) Rural Areas

(b) Basic and Key industries

(c) Foreign trade

(d) Consumer industries

53. The iron and steel plants of Rourkela and Durgapur conceived under the:

(a) First Five Year Plan

(b) Second Five Year Plan

(c) Third Five Year Plan

(d) Fourth Five Year Plan

Indian Economy Planning MCQ

54. National Development Council (NDC) deals with :

(a) The approval of Five Year plans

(b) Preparation of Development plans

(c) Rural Development Programme

(d) Poverty Alleviation Programme 

55. The real introduction of Decentralized Planning ” was made for the first time during the:

(a) 7th Plan

(b) 8th Plan

(c) 9th Plan

(d) 10th Plan

56. The major emphasis in the First Five Year Plan was on:

(a) Agriculture

(b) Employment generation

(c) Industry

(d) Export promotion 

57. Rourkela Steel Plant was set up with the assistance from :

(a) USSR

(b) West Germany

(c) USA

(d) UK 

58. Planning Commission was established in 1950 through

(a) A constitutional amendment

(b) A Supreme Court order odnu

(c) An executive order

(d) A decision by the Parliament

59. During Which Five Year Plan was the Emergency clamped,

new elections took place and the Janata Party was elected ?

(a) Third

(b) Fourth

(c) Fifth

(d) Sixth

60. Consider the following statements regarding Indian Planning :

1. The Second Five Year Plan emphasized on the establishment of heavy industries.

2. The Third Five Year Plan introduced the concept of import substitution as a strategy for industrialization.

Which of the statement(s) given above is/are correct ?

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

61. Inclusive growth as enunciated in the Eleventh Five Year Plan does NOT include one of the following:

(a) Reduction of Poverty

(b) Extension of Employment opportunities

(c) Reduction of Gender inequality

(d) Strengthening of Capital market

Indian Economy Planning MCQ

62. The National Horticulture Mission was launched in which of the following Five Year Plans?

(a) Ninth Five Year Plan

(b) Tenth Five Year Plan

(c) Eleventh Five Year Plan 

(d) None of these

63. Twenty Point Programme’ (Beessutri Karyakrama) was first launched in the Year:

(a) 1969

(b) 19755

(c) 1977

(d) 1980

64. Who of the following is Chairman of the Planning Commission of India ?

(a) Pro A. M. Khusro

(b) N. K. P. Salve

(c) M. S. Ahluwalia

(d) None of these

65. The Government of India has established NITI Ayog to replace the-

(a) Human Rights Commission

(b) Finance Commission

(c) Law Commission

(d) Planning Commission

66. Economic Survey of India is related to-

(a) Planning Commision 

(b) Reserve Bank of India

(c) Ministry of Finance

(d) Finance Commission

67. Who opposed planned Development in India?

(a) Mahatma Gandhi

(c) Indira Gandhi

(b) Jawahar Lal Nehru

(d) Rajiv Gandhi

68. NITI Aayoga came into existence on :

(a) 1st January, 2014

(b) 1st June, 2014

(c) 1st January, 2015

(d) 1st June, 2015

(e) None of the above/more than one

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Indian Economy Planning MCQ

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