Economic Planning MCQ Questions with Answers

Question 1 : What are the objectives of economic planning?

a) Provide employment
b) Holistic development of agriculture and industry
c) Both (a) and (b)
d) To increase liquidity in economy

Answer : c

Question 2 : In India, economic planning was started in which year?

a) 15th August, 1947
b) 7th April, 1951
c) 26th January, 1949
d) 1st May, 1956

Answer : c

Question 3 : From which one of the following enshrined in the Constitution, the planning of India derives its objectives and social premises?

a) Fundamental Rights
b) Fundamental Duties
c) Directive Principles of State Policy
d) None of the above

Answer : c

Question 4 : Planning in India drew on 

a) the economic programme of Lenin
b) the Fabian Socialism of Sidney and Beatrice Web
c) the British Welfare mechanism
d) new democratic development packages

Answer : a

Question 5 : Who authored the book, ‘Planned Economy for India’?

a) M Visvesvaraya
b) JRD Tata
c) GD Birla
d) Pattabhi Sitaramayya

Answer : a

Question 6 : Who drafted the People’s Plan?

a) Sir Ardeshir Dalal
b) Shri Manna Narayan
c) MN Roy
d) Jaya Prakash Narayan

Answer : c

Question 7 : The Five Year Plan was first launched in 

a) China
b) USSR
c) India
d) Bhutan

Answer : b

Question 8 : In the year 1944, which of plan was formulated by the Shri Manna Narayan?

a) Gandhiwadi Plan
b) M.Visvesvaraya Plan
c) M.V. Bombay Plan
d) Five Year Plan

Answer : a

Question 9 : Who was the first person to present an idea of planning in India?

a) JL Nehru
b) M Visvesvaraya
c) Business Industrialists of Bombay
d) Shri Manna Narayan

Answer : b

Question 10 : The Bombay Plan drafted by GD Birla and JRD Tata emphasised on

a) that the economy should be left to the dynamic investments by the private sector in heavy industries
b) the public sector investments in infrastructure and heavy industries
c) annual planning
d) that the private sector should foot the bill of intensive and low return investments in the heavy industries

Answer : b

Question 11 : Coming soon

a)
b)
c)
d)

Answer : 

Question 12 : When Planning Commission was constituted?

a) 1950
b) 1952
c) 1953
d) 1954

Answer : a

Question 13 : On which date, National Development Council was constituted?

a) 16th August, 1950
b) 6th April, 1951
c) 6th August, 1952
d) 16th August, 1952

Answer : c

Question 14 : Which one of the following had the final authority in India to approve Five Year Plan?

a) Union Council of Ministers
b) Planning Commission
c) National Development Council
d) Prime Minister

Answer : c

Question 15 : Which one of the following is not the member of the National Development Council of India?

a) Ministers of the Union Cabinet
b) Chief Ministers of the States
c) Administrators of the Union Territories
d) Governors of the States

Answer : b

Question 16 : Consider the following statements

I. The National Development Council (NDC) was constituted in 1948
II. The National Development Council (NDC) in an extra-constitutional body

Which of the following statements given above is/are correct?

a) Only I
b) Only II
c) Both I and II
d) Neither I nor II

Answer : b

Question 17 : Consider the following statements about the National Development Council (NDC) of India

I. It discusses the progress of national plan
II. It suggests the ways to achieve goals of the National Plan
III. It gives guidelines to formulate the National Plan
IV. It suggests plan allocations for the different sectors and states

Which of the following statements given above is/are correct?

a) I, II, III and IV
b) I, II and III
c) I, III and IV
d) II, III and IV

Answer : b

Question 18 : The First Five Year Plan (1951-56) was drafted by

a) PC Mahalanobis
b) KN Raj
c) JC Kumarappa
d) Jawaharlal Nehru

Answer : b

Question 19 : The major emphasis of the First Five Year Plan of India was

a) agriculture
b) employment
c) industry
d) export promotion

Answer : a

Question 20 : The Second Five Year Plan of India was based on

a) the Harrod-Domar Model
b) the Solow Model
c) the Mahalanobis Model
d) the Mahatma Gandhi Vision

Answer : c

Question 21 : The Nehru-Mahalanobis Strategy of Development was implemented for the first time by which one of the following Five-Year Plans?

a) First Five Year Plan
b) Second Five Year Plan
c) Third Five Year Plan
d) Seventh Five Year Plan

Answer : b

Question 22 : Which Five Year Plan had an objective of rapid industrialisation with particular emphasis on development of basic and heavy industries?

a) First
b) Second
c) Third
d) Fourth

Answer : b

Question 23 : The Second Five Year Plan that called for the establishment of socialist pattern of society was commonly referred to as the  

a) Harrod-Domar Plan
b) Mahalanobis Plan
c) Nehru Plan
d) People’s Plan

Answer : b

Question 24 : During which Five Year Plan of Indian Economy, the growth rate of the agriculture production was negative?

a) First Five Year Plan
b) Third Five Year Plan
c) Fifth Five Year Plan
d) None of the above

Answer : d

Question 25 : Under which plan did the government introduce an agricultural strategy which gave rise to Green revolution in India?

a) Second Five Year Plan
b) Third Five Year Plan
c) Fourth Five Year Plan
d) Sixth Five Year Plan

Answer : b

Question 26 : Which one of the following Five Year Plans had the objectives to achieve self-sufficiency in foodgrains and increase agricultural production to meet the requirements of industry and exports?

a) First Plan
b) Second Plan
c) Third Plan
d) None of these

Answer : c

Question 27 : In which of the following Five Year Plans, the High Yielding Varieties Programme (HYVP) was started in India?

a) First Five Year Plan
b) Second Five Year Plan
c) Third Five Year Plan
d) Fourth Five Year Plan

Answer : c

Question 28 : Which one of the following Five Year Plans of Indian economy took the first step to devalue the Indian Rupee after Independence?

a) Second Five Year Plan
b) Third Five Year Plan
c) Fifth Five Year Plan
d) Sixth Five Year Plan

Answer : b

Question 29 : Which one of the following Five Year Plans of Indian Economy was terminated by the Janata Government?

a) Fourth Five Year Plan
b) Fifth Five Year Plan
c) Seventh Five Year Plan
d) Eighth Five Year Plan

Answer : a

Question 30 : Which plan laid special emphasis on improving the condition of underprivileged and weaker sections?

a) Fifth Plan
b) Fourth Plan
c) Tenth Plan
d) Eighth Plan

Answer : b

Question 31 : Which one of the Five Year Plans had a high priority to bring inflation under control and to achieve stability in the economic situation?

a) Fourth Plan
b) Fifth Plan
c) Sixth Plan
d) Seventh Plan

Answer : b

Question 32 : The Call for Garibi Hatao was incorporated in

a) Fourth Five Year Plan
b) Fifth Five Year Plan
c) Sixth Five Year Plan
d) Seventh Five Year Plan

Answer : b

Question 33 : In India, the concept of ‘minimum needs’ and directed anti-poverty programmes were the innovations of

a) Fourth Five Year Plan
b) Fifth Five Year Plan
c) Sixth Five Year Plan
d) Seventh Five Year Plan

Answer : b

Question 34 : Original approach to Fifth Plan is prepared by

a) DP Dhar
b) Indira Gandhi
c) C Subramaniam
d) None of these

Answer : c

Question 35 : During which Five Year Plan was the emergency clamped, new election took place and Janata Party was elected? 

a) Third Plan
b) Fourth Plan
c) Fifth Plan
d) Sixth Plan

Answer : c

Question 36 : The Rolling Plan concept in placing Nation Planning was introduced by

a) Indira Gandhi Government
b) The National Front Government
c) The Janata Party Government
d) Rajiv Gandhi Government

Answer : b

Question 37 : Which one of the following programmes was initiated during the Sixth Five Year Plan?

a) Integrated Rural Development
b) Rural Literacy Development
c) Rural Railways
d) Advanced Communication Links for Rural People

Answer : a

Question 38 : 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

Answer : c

Question 39 : During which plan was the National Bank for Agriculture and Rural Development (NABARD) established to facilitate the rural credit and agricultural development?

a) Third Five Year Plan
b) Fifth Five Year Plan
c) Sixth Five Year Plan
d) Eighth Five Year Plan

Answer : c

Question 40 : Which one of the following Five Year Plans of Indian economy started the indicative planning?

a) Third Five Year Plan
b) Fifth Five Year Plan
c) Sixth Five Year Plan
d) Eighth Five Year Plan

Answer : d

Question 41 : In the context of India’s Five Year Plans, a shift in pattern of Industrialisation with lower emphasis on the heavy industry and move one infrastructure beings in

a) Fourth Plan
b) Sixth Plan
c) Eighth Plan
d) Tenth Plan

Answer : c

Question 42 : Which one among the following statements regarding the Eighth Five Year Plan in India is not correct?

a) The plan was postponed by two years because of the political upheavals at the centre
b) It aimed at the high growth of both agriculture and manufacturing sectors
c) Its emphasis was on growth in export and import, improvement in the trade and current account deficit
d) It set before itself two principal objectives of ‘growth with stability’ and ‘growth with justice’

Answer : b

Question 43 : Annual rate of inflation during ninth and tenth Plan in India was

a) 4% and 5% respectively
b) 5% and 7% respectively
c) 4% and 7% respectively
d) 7% and 5% respectively

Answer : a

Question 44 : Which Five Year Plan had a unique feature to lay down specific targets for each state in consultation with the State Government?

a) Tenth Five Year Plan
b) Eighth Five Year Plan
c) Twelfth Five Year Plan
d) Eleventh Five Year Plan

Answer : a

Question 45 : Which one of the following is the theme of the approach paper of the Eleventh Five Year Plan?

a) Indicative Planning
b) Growth with social justice
c) Towards faster and more inclusive growth
d) Planning for the prosperity

Answer : c

Question 46 : Inclusive growth as enunciated in the Eleventh Five Year Plan does not include which one of the following?

a) Reduction of Poverty
b) Extension of employment opportunities
c) Reduction of gender inequality
d) Strengthening of capital market

Answer : d

Question 47 : Which one among the following plans adopted the policy for universalisation of elementary education in India?

a) Sixth Plan
b) Eighth Plan
c) Ninth Plan
d) Eleventh Plan

Answer : d

Question 48 : Which one of the following is the objective of the Twelfth Five Year Plan of India?

a) Faster and inclusive growth
b) Faster, quick and reliable inclusive growth
c) Faster, reliable and more inclusive growth
d) Faster, sustainable and more inclusive growth

Answer : d

Question 49 : The period of the Twelfth Five Year Plan was 

a) 2007-2012
b) 2012-2017
c) 2010-2015
d) 2006-2011

Answer : b

Question 50 : In India, which of the following Five Year Plans was launched with a focus on sustainable growth?

a) Ninth
b) Tenth
c) Eleventh
d) Twelfth

Answer : d

Explore More MCQs Below

Ancient History

Medieval History

Modern History

Geography

World Geography

Indian Geography

Environment and Ecology

Indian Polity

Indian Economy

Science and Technology

Miscellaneous