Indian Economy 1950 to 1990 - Online Test
Q1. Gross Domestic savings as a proportion of GDP has risen from ____ in 1950-51 to ____percent in 1990-91
Answer : Option A
Explaination / Solution:
Gross Domestic savings as a proportion of GDP has risen mainly due to the increased contribution of household sector from 6.2 in 1950-51 to 19.3 in 1990-91.
Q2. In the calendar of planning there are annual plan which are given below except
Answer : Option D
Explaination / Solution:
1956-57 plan is included in the second five year plan (which focusses on increase in industrial production) due to which it is not included in the annual plans.
Q3. When was Planning commission established
Answer : Option C
Explaination / Solution:
The Planning commission was set up in march 1951 with Jawaharlal Nehru as its Chairman. It was set up to bring economic stability.
Q4. Who presented the first five year plan
Answer : Option D
Explaination / Solution:
The first Indian Prime Minister, Jawaharlal Nehru presented the First Five-Year Plan to the Parliament of India and needed urgent attention. The First Five-year Plan was launched in 1951 which mainly focused in development of the primary sector.
Q5. Agriculture education ,health and infrastructure were the priority areas in which five year plan.
Answer : Option A
Explaination / Solution:
Eleventh five year plan focussed on improving the quality of life through better health and sducational facilities and improved levels of consumption. It also focussed on reduction in inequality.
Q6. First five year plan focused on ____ production while in second plan shifted the focus to _____
Answer : Option A
Explaination / Solution:
The first five year plan focussed to increase in agricultural production however, the second five year plan focussed on development of heavy industries.
Q7. When was Twelfth five year plan started
Answer : Option C
Explaination / Solution:
Twelfth five year plan started in 2012 with an objective to reduce poverty, to improve equality among states and to eliminate gender gaps.
Q8. Which is the primary objective of economic planning in India
Answer : Option C
Explaination / Solution:
The primary motive of economic planning is to bring economic growth and reduce inquality in the country. Other than this, it also had other objectives like increase employment opportunities and attain self sufficiency.
Q9. Define GDP
Answer : Option B
Explaination / Solution:
GDP also known as Gross Domestic Product refers to the market value of final goods and services produced within the domestic territory of a country during the period of an accounting year, inclusive of depreciation.
Q10. As per India Vision _____ Report prepared by Planning Commission India’s per capita income has doubled over the past 20 years
Answer : Option C
Explaination / Solution:
No Explaination.
