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Total Questions : 376 | Page 36 of 38 pages
Question 351. Match the following:
List I
List II
(Five Year Plan)
(Emphasis)
A. First
1. Food security and women empowerment
B. Second
2. Heavy industries
C. Fifth
3. Agriculture and community development
D. Ninth
4. Removal of poverty
Codes: A B C D
  1.    1 2 4 3
  2.    3 2 4 1
  3.    1 4 2 3
  4.    3 4 2 1
 Discuss Question
Answer: Option B. -> 3 2 4 1
Answer: (b)
First Five Year Plan (1951-56)- Agriculture and community development
Second Five Year Plan (1956-61)- Heavy Industry
Fifth Five Year Plan (1974-79)- Removal of Poverty
Ninth Five Year Plan (1997-2002)- Food Security and woman empowerment
Question 352. Consider the following statements :
  1. In the history of Indian planning, the actual growth rate of the GDP has never been higher than the targeted growth rate.
  2. In the first five year plan, the actual GDP growth rate was more than the targeted growth rate.
Which of the statements given above is/are correct?
  1.    2 only
  2.    Both 1 and 2
  3.    1 only
  4.    Neither 1 nor 2
 Discuss Question
Answer: Option A. -> 2 only
Answer: (a)In the first Five Year Plan, the actual GDP growth rate was more than the targeted growth rate.
Question 353. The natural rate of unemployment is likely to fall if:
  1.    income tax increases
  2.    unemployment benefits increase
  3.    geographical immobility increases
  4.    more training is available for the unemployed
 Discuss Question
Answer: Option D. -> more training is available for the unemployed
Answer: (d)Supply-side measures can be used to reduce the natural rate of unemployment. In this case training enables more employees to accept jobs thereby reducing the natural rate of unemployment.
Question 354. During which plan was the National Bank for Agriculture and Rural Development (NABARD) established to facilitate the rural credit and agriculture development?
  1.    Fifth Five Year Plan
  2.    Sixth Five Year Plan
  3.    Third Five Year Plan
  4.    Eighth Five Year Plan
 Discuss Question
Answer: Option B. -> Sixth Five Year Plan
Answer: (b)
National Bank for Agriculture and Rural Development (NABARD) is an apex development bank in India having headquarters in Mumbai.
It was established on 12 July 1982 in the sixth five-year plan by a special act by the Parliament and its main focus was to uplift rural India by increasing the credit flow for elevation of agriculture and rural non-farm sector.
Question 355. Consider the following statements :

  1. MNREGA was launched in the 11th five-year plan.

  2. Indira Awas Yojana was launched in the 9th Five Year Plan.


Which of the statements given above is/are correct?
  1.    only 2
  2.    Both 1 and 2
  3.    only 1
  4.    Neither 1 nor 2
 Discuss Question
Answer: Option D. -> Neither 1 nor 2
Answer: (d)
The Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) is an Indian law that aims to guarantee the ‘right to work’ and ensures livelihood security in rural areas by providing at least 100 days of guaranteed wage employment in a financial year to every household whose adult members volunteer to do unskilled manual work. MNREGA was launched in 200 select districts in 2006.
However, Indira Awas Yojana was launched in the Year 1996.
Question 356. Consider the following statements about the second Five Year Plan :
  1. Priorities were given in the production of iron and steel and heavy engineering and machine building industries.
  2. Strengthening the oil exploration and coal in India.
Which of the statements given above are correct?
  1.    2 only
  2.    Both 1 and 2
  3.    1 only
  4.    Neither 1 nor 2
 Discuss Question
Answer: Option B. -> Both 1 and 2
Answer: (b)According to the Second Five Year Plan the priorities were given in the production of iron and steel and heavy engineering and also to strengthen the oil exploration and coal.
Question 357. Indian economy has witnessed highest growth rate in GDP in the year
  1.    2005 – 06
  2.    2004 – 05
  3.    2003 – 04
  4.    2006 – 07
 Discuss Question
Answer: Option D. -> 2006 – 07
Answer: (d)In the year 2006 – 07, the Indian economy has witnessed highest growth rate in GDP. The economy grew by 7.7 %.
Question 358. Consider the following statements regarding Indian Planning.
  1. The Second Five Year Plan emphasised on the establishment of heavy industries.
  2. The Third Five Year Plan introduced the concept of import substitution as a strategy for industrialisation.
Which of the statement(s) given above is/are correct?
  1.    Neither 1 nor 2
  2.    Only 1
  3.    Both 1 and 2
  4.    Only 2
 Discuss Question
Answer: Option C. -> Both 1 and 2
Answer: (c)
Question 359. Consider the following statements regarding Indian planning:

  1. The Discount and Finance House of India was set up in 1990.

  2. The Discount and Finance House of India is a subsidiary of RBI.

  3. DFHI deals with financing long-term loans.


Which of the statements given above is/are correct?
  1.    2 only
  2.    1 and 2
  3.    1 only
  4.    1, 2 and 3
 Discuss Question
Answer: Option A. -> 2 only
Answer: (a)
The Discount and Finance House of India was set up in 1988 by the Reserve Bank of India to help develop the money market in India.
DFHI deals with treasury bills of different maturities and rediscount short-term commercial bills.
Question 360. Which plan was suspended one year before the time schedule?
  1.    Third Plan (966-7)
  2.    First Plan (95-56)
  3.    Fifth Plan (974-79)
  4.    Sixth Plan (980-85)
 Discuss Question
Answer: Option C. -> Fifth Plan (974-79)
Answer: (c)

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