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G.K. on Indian Economy – Series 6

Higher Secondary TET Notes. The modern age is the age of fast development. Fast development is feasible with economic Planning. Though planning is over 2400 years previous having its initial reference and formulation by Plato in his ‘Republic’ a similar idea earned a scientific form and support once the top of World War-II for the rehabilitation and reconstruction of war divested economies similarly as for the fast economic development of the underdeveloped economies. Therefore Planning is taken into account because of the remedy for the event of developing countries like India.

Higher Secondary TET Notes

Select the Correct Answer

1. Which of the following Five Year Plans had the term objectives of removal of poverty and attainment of economic self-reliance?

(a) Third

(a) Second

(c) Fifth

(d) Fourth

Ans: (c) Fifth  

2. Rapid industrialization with particular emphasis on the development of basic and heavy industries’ was one of the objectives of-

(a) Second Plan

(b) First Plan

(c) Eighth Plan

(d) Third Plan

Ans: (a) Second Plan  

3. “Socialistic Patten” in Indian Economy

(a) Mixed economy

(b) Free economy

(c) Gandhian economy

(d) Public sector

Ans: (d) Public sector  

4. Self-reliance in the context of India’s planning means-

(a) Exports equal to imports

(b)Autarky

(c) No fresh foreign assistance

(d) Situation in which international obligations are met out of normal earnings.

Ans: (d) Situation in which international obligations are met out of normal earnings.  

5. The country significantly exceeded its targets in the production of food grains during –

(a) First Five Year Plan

(b Third Five Year Plan

(c) Second Five Year Plan

(d) Fourth Five Year Plan

Ans:(a) First Five Year Plan  

6. The Mahalanabis Planning model, on which the Second Plan Strategy was based, is essentially

(a) A two sectoral consistency model

(b)an optimizing model

(c)a linear programming model

(d) an optimizing model of turnpike type

Ans: (d)an optimizing model of turnpike type  

7. The “Poverty line” has been defined on the basis of-

(a) The national requirements of 2400 calories per person per day for rural areas and 2100 calories per person per day for urban areas

(b) The annual income of people

আপুনি যদি আমাৰ পেজ পঢ়ি ভাল পাইছে তেন্তে আমাৰ ‘নিউজলেটাৰ চাবস্ক্রাইব’ কৰক। নতুবা আমাৰ ‘ফেচবুক পৃষ্ঠা’ অনুসৰণ কৰক বা আমাৰ “ইউটিউব চেনেল চাবস্ক্রাইব’ কৰক ।

(c)The standard of living of the people

(d) The customs of the people

Ans: (a) The national requirements of 2400 calories per person per day for rural areas and 210 calories per person per day for urban areas  

8. In which of the Five Year Plan periods, has the actual annual rate of growth exceeded the targeted rate?

(a) First Plan

(b) Third Plan

(c) Fourth Plan

(d) Fifth Plan

Ans: (d) Fifth Plan  

9. Guiding factors in the preparation of Seventh-Five Year Plan have been

(a) Work. Productivity and education

(b) Food, work and productivity

(c)Food, work and education

(d)Education, productivity and food

Ans: (b) Food, work and productivity  

10. The main implication of self-reliance is-

(a) Self-sufficiency of food and essential raw materials

(b)Self-sufficiency in defense requirements and technical manpower

(c)Reduction in the dependence on foreign aid

(d)Sustained equilibrium in BOP

Ans:(c) Reduction in the dependence on foreign aid

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