Economic development and planning - One Line Questions

1. The first Five-Year Plan in India was launched in which year? — 1951
2. Economic liberalization in India began in which year? — 1991
3. The liberalization policies of 1991 were largely driven by: — A strong balance of payments crisis
4. The Second Five-Year Plan, largely drafted by P.C. Mahalanobis, emphasized: — Basic and heavy industries
5. The objective of 'Economic Stability' in planning typically involves: — Maintaining stable prices, full employment, and steady economic growth
6. Economic planning refers to: — The process of setting economic goals and determining strategies to achieve them
7. NITI Aayog functions as a: — Think tank and policy incubator
8. Economic planning in India has transitioned from a focus on industrialization and self-reliance to: — Market-oriented reforms and inclusive growth
9. Which of the following is a measure of income inequality? — Gini coefficient
10. What is the main objective of Fiscal Policy in economic planning? — Managing government spending and taxation to influence the economy
11. Which of the following is NOT a component of the liberalization, privatization, and globalization (LPG) reforms? — Increased state control
12. The concept of 'Rolling Plans' was introduced during which period? — During the Janata Party government (1978-80)
13. Poverty alleviation programs are a crucial aspect of: — Economic development and planning
14. Inclusive growth means: — Economic growth that benefits all segments of society, especially the weaker sections
15. What was a major challenge faced during the Third Five-Year Plan? — Wars with neighboring countries
16. The concept of 'Import Substitution Industrialization' (ISI) was a strategy adopted by many developing countries, including India, primarily to: — Reduce dependence on imports by producing goods domestically
17. Sustainable economic development aims to: — Meet the needs of the present without compromising the ability of future generations to meet their own needs
18. The 'Twelfth Five-Year Plan' (2012-2017) aimed for: — Faster economic growth and sustainable development
19. The 'Mahalanobis Model' is associated with which Five-Year Plan? — Second Five-Year Plan
20. What does 'Economic Diversification' refer to? — Expanding an economy's range of products and services
21. What does 'Development Without Displacement' aim to achieve? — Ensuring development projects do not lead to the involuntary displacement of people
22. The concept of 'Minimum Needs Programme' was introduced in which Five-Year Plan? — Fifth Five-Year Plan
23. Human Development Index (HDI) is a composite statistic of: — Life expectancy, education, and per capita income
24. What is 'Green GDP'? — Gross Domestic Product adjusted for environmental costs
25. The liberalization reforms of 1991 aimed to: — Make the Indian economy more competitive and integrated with the global economy
26. Which of the following is a potential challenge of rapid economic development? — Increased environmental degradation
27. The first Five-Year Plan primarily focused on: — Agriculture and irrigation
28. Which sector is considered the backbone of the Indian economy during the initial Five-Year Plans? — Agriculture
29. Who is often considered the 'architect of Indian planning'? — Jawaharlal Nehru
30. What is the primary goal of economic development? — Improving the overall standard of living and well-being of a population
31. The body responsible for formulating Five-Year Plans in India was: — Planning Commission
32. Monetary Policy is primarily managed by which institution in India? — Reserve Bank of India
33. The Planning Commission of India was replaced by which new body in 2015? — National Institution for Transforming India (NITI) Aayog
34. The 'Command Economy' model is characterized by: — Centralized decision-making by the government
35. Which of the following is a tool of Monetary Policy? — Bank rate
36. A 'Mixed Economy' combines elements of: — Command economy and market economy
37. Which Five-Year Plan is known for its 'Growth with Social Justice' slogan? — Ninth Five-Year Plan
38. The 'Bokaro Steel Plant' was a significant project during which Five-Year Plan? — Fourth Five-Year Plan
39. Which Five-Year Plan first introduced the concept of integrated rural development? — Fourth Five-Year Plan
40. What is 'Globalization' in an economic context? — The increasing interconnectedness and interdependence of world economies through trade, investment, and technology
41. In India, the concept of economic planning was largely influenced by: — The Soviet Union's command economy model
42. The concept of 'Bottom of the Pyramid' (BOP) refers to: — The poorest segment of the global population
43. Which Five-Year Plan is associated with the 'Garibi Hatao' (Remove Poverty) slogan? — Fifth Five-Year Plan
44. Which Five-Year Plan focused on achieving self-reliance and poverty reduction? — Fifth Five-Year Plan
45. Which Five-Year Plan is known for its focus on 'Employment, Poverty, and Food'? — Sixth Five-Year Plan
46. What is the primary objective of the 'Make in India' initiative? — To promote India as a global hub for manufacturing, design, and innovation
47. Which of the following is a key indicator of economic development? — Per capita income
48. The concept of 'Trickle-down economics' suggests that: — Wealth created for the rich will eventually benefit the poor
49. Which international organization publishes the Human Development Report? — United Nations Development Programme (UNDP)
All One Line Questions
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