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Total Questions : 376 | Page 7 of 38 pages
Question 61. Which of the following best explains the stated broad vision and aspirations of the Twelfth Five Year Plan (2012-2017)?
  1.    Modernisation of Industries and Strengthening Infrastructure.
  2.    Enchancing Agricultural and Rural Incomes
  3.    Faster, Sustainable and More Inclusive Growth
  4.    Checking Inflation and Strengthening non-economic variables like Nutritional Requirements, Health and Family Planing
 Discuss Question
Answer: Option C. -> Faster, Sustainable and More Inclusive Growth
Answer: (c)
Question 62. Which was the final authority in India to approve Five Year Plans?
  1.    National Development Council (NDC)
  2.    Union Council of Ministers
  3.    Prime Minister
  4.    Planning Commission
 Discuss Question
Answer: Option A. -> National Development Council (NDC)
Answer: (a)
Question 63. Under which ‘Five Year Plan’ was the decision to establish a socialistic pattern of society taken?
  1.    Fourth Five Year Plan
  2.    First Five Year Plan
  3.    Third Five Year Plan
  4.    Second Five Year Plan
 Discuss Question
Answer: Option D. -> Second Five Year Plan
Answer: (d)
Question 64. Which of the following statements is/are incorrect?

  1. Open Unemployment: It refers to unemployment that occurs at certain seasons of the year. The period of such unemployment varies from state to state, depending upon the methods of farming, the condition of the soil, the type and numbers of crops grown, etc.

  2. Frictional Unemployment: It refers to temporary unemployment that exists during the period, wherein workers leave one job and join some other.

  3. Cyclical Unemployment: It is associated with the downswing and depression phases 9 business cycle. It is the most common type of unemployment in the developed capitalist economies.


Select the incorrect definition using the code given below:
  1.    1 only
  2.    3 only
  3.    2 only
  4.    2 and 1
 Discuss Question
Answer: Option A. -> 1 only
Answer: (a)
Seasonal Unemployment: It refers to unemployment that occurs at certain seasons of the year. The period of such unemployment varies from state to state, depending upon the methods of farming, the condition of the soil, the type and numbers of crops grown, etc.
Frictional Unemployment: It refers to temporary unemployment that exists during the period, wherein workers leave one job and join some other.
Cyclical Unemployment: It is associated with the downswing and depression phases 9 business cycle. It is the most common type of unemployment in the developed capitalist economies.
Question 65. In the context of Indian Five Year Plans, a shift in the pattern of industrialization, with lower emphasis of heavy industries and more on infrastructure being in :
  1.    Sixth plan
  2.    Eighth plan
  3.    Fourth plan
  4.    Tenth plan
 Discuss Question
Answer: Option A. -> Sixth plan
Answer: (a)
Sixth five-year plan started in 1980-85 marked the beginning of economic liberalization in India.
In Sixth Five year plan, a shift in pattern of Industrialisation with a lower emphasis on heavy industry and move on infrastructure begins.
Question 66. In the Eleventh Five Year Plan, which of the following sectors accounts for maximum combined Central, State and U.T. expenditure?
  1.    Social Sector
  2.    Transport
  3.    Agriculture and Rural
  4.    Energy
 Discuss Question
Answer: Option A. -> Social Sector
Answer: (a)
Question 67. Match the items in List-I with List-II: 
List I
List II
A. Reproductive Child Health
1. Police Research
B. The National Rural Employment Guarantee Act
2. Trauma 
C. Post Traumatic Stress Disorder
3. Mother and Child
D. Bureau of Police Research and Development 
4. Employment at village level
Codes: A B C D
  1.    3 4 2 1
  2.    4 3 2 1
  3.    2 1 3 4
  4.    1 2 3 4
 Discuss Question
Answer: Option A. -> 3 4 2 1
Answer: (a)
Question 68. In which year ‘Bombay plan’ was launched by some industrialists?
  1.    1944
  2.    1943
  3.    1942
  4.    1945
 Discuss Question
Answer: Option A. -> 1944
Answer: (a)
The Bombay Plan is the name commonly given to a set of proposals for the development of the post-independence economy of India.
The plan was published in 1944 by eight leading industrialists Jehangir Ratanji Dadabhoy Tata, Ghanshyam Das Birla, Ardeshir Dalal, Sri Ram, Kasturbhai Lalbhai, Ardeshir Darabshaw Shroff, Sir Purshottamdas Thakurdas and John Mathai.
It proposed state intervention in the economic development of the nation after independence.
Question 69. With reference to the Government Welfare Schemes, consider the following statements:

  1. Under the Antyodaya Anna Yojana, the food grains are available to the poorest of the poor family at Rs. 2 per kilogram for wheat and Rs. 3 per kilogram for rice.

  2. Under the National Old Age Pension Scheme, the old and destitute are provided Rs. 75 per month as Central pension, in addition to the amount provided by most State Governments.

  3. Government of India has allocated 25 kilogram of food grains per Below Poverty Line (BPL) family per month, at less than half of the economic cost.


Which of the statements given above is/are correct?
  1.    1 and 3
  2.    2 and 3
  3.    1 and 2
  4.    All of these
 Discuss Question
Answer: Option D. -> All of these
Answer: (d)
The Antyodaya Anna Yojana, an important milestone in providing foodgrains to the poor was launched on December 25, 2000. It contemplated providing 25 kg. of foodgrains per month at highly subsidized rates of Rs. 2 per kg. for wheat and Rs. 3 per kg. for rice to each Antodaya family. The total number of families to be covered under this scheme was placed at one crore.
Antyodaya Anna Yojana has started in six States - Himachal Pradesh, Rajasthan, Madhya Pradesh, Chhattisgarh, Andhra Pradesh, Uttar Pradesh and the UT of Dadra & Nagar Haveli. About 36 lakh families in these States have been identified and are being given distinctive Antyodaya ration cards.
It is expected that by April end this year the Antyodaya Anna Yojana would start in most of the States. The annual requirement of food grains for Antyodaya families would be 30 lakh tonnes. The total subsidy on Antyodaya Anna Yojana for a full year will be Rs. 2315 crore.
Question 70. Consider the following statements :
  1. The Ninth Five Year Plan was launched in the 50th year of India’s independence.
  2. For the first time in the Indian economy the GDP growth rate of the Ninth Five Year Plan was set at 7%.
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 B. -> Both 1 and 2
Answer: (b)The Ninth Five Year Plan was launched in the 50th year of India’s independence. Under the plan for the first time in the Indian Economy the GDP growth rate was set at 7%.

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