CA Foundation Exam June 2023 » CA MCQs » Five Year Plan

Five Year Plan

MCQs on "Five Year Plan ": Find the multiple choice questions on "Five Year Plan ", frequently asked for all competitive examinations.

The prime minister is the chairman of the planning commission. There is a nominated chairman who is also a cabinet minister. Montek Singh Ahluwalia was the last appointed chairman of the commission. He resigned on 26 May 2014. The twelfth plan was completed in March 2014. Earlier state resources were used to be allocated based on planned schemes rather than following a transparent mechanism. This led to the implementation of Gadgil formula in 1969. This formula came to be in use to allocate resources with the help of central assistance in the following years. 

The Narendra Modi government that came into power in the year 2014 dissolved the five year planning commission and brought NITI Aayog in its place. The NITI Aayog is the National Institute for Transforming India. 

MCQs 

Q1 Who was the last deputy chairman of the planning commission? 

    1. Shri R.P Sinha 
    2. Shri Shyamal Ghosh 
    3. Shri Vinay Kohli 
    4. Shri Montek Singh Ahluwalia

Answer- D) Shri Montek Singh Ahluwalia

He was the last deputy chairman of the planning commission. He resigned on 26 May 2014 

Q2 In which year was the twelfth plan completed? 

    1. 2016 
    2. 2015 
    3. 2017 
    4. 2014 

Answer- C) 2017 

The twelfth plan was completed in March 2017 

Q3 What was brought in place of the planning commission in 2014? 

    1. NITI Aayog 
    2. Stand Up India Scheme 
    3. NABARD 
    4. SEBI 

Answer- A) NITI Aayog 

NITI Aayog is a government think tank that was brought in place after the election of the Modi government in 2014. He dissolved the planning commission after his election. 

Q4 What does NITI Aayog stand for? 

    1. National Institute for Technology India 
    2. National Institute for Transforming India 
    3. National Interest for Technology India 
    4. National Interest for Transforming India 

Answer- B) National Institute for Transforming India 

Q5 Who implemented the first five year plan? 

    1. Jawahar Lal Nehru
    2. Lal Bahadur Shastri
    3. Smt. Indira Gandhi
    4. Joseph Stalin 

Answer- D) Joseph Stalin

Q6 When was the first five year plan implemented? 

    1. 1928 
    2. 1922 
    3. 1924 
    4. 1926 

Answer- A) 1928 

The first five year plan was implemented by Joseph Stalin in the Soviet Union in 1928 

Q7 Who implemented the first five year plan in India? 

    1. Morarji Desai 
    2. Charan Singh 
    3. Jawaharlal Nehru
    4. Rajiv Gandhi

Answer- C) Jawaharlal Nehru

Jawaharlal Nehru implemented the first five year plan in India in 1951. 

Q8 What was the focus of the first five year plan? 

    1. Development of the service sector 
    2. Development of the primary sector 
    3. Development of the agricultural sector
    4. None of the above 

Answer- B) Development of the primary sector

Q9 Which economic model was followed in the first five year plan? 

    1. The Aggregate Production Function 
    2. The Basic Growth Model 
    3. The Harrod-Domar Model 
    4. The Neo-classical Growth Model 

Answer- C) The Harrod-Domar Model 

Q10 What was the motto of the first five year plan? 

    1. Development of finance 
    2. Development of technology 
    3. Development of secondary sector 
    4. Development of agriculture

Answer- D) Development of agriculture 

Q11 What was the aim of the first five year plan? 

    1. Rebuild the country after partition
    2. Promote industry and agriculture
    3. Affordable healthcare and education 
    4. All of the above 

Answer- D) All of the above 

Q12 Which of the following irrigation projects were initiated during the first five year plan? 

    1. Bhakra 
    2. Beas 
    3. Bhima 
    4. Chambal 

Answer- A) Bhakra 

Q13 Which educational institution was set up during the first five year plan? 

    1. Indian Institutes of Science 
    2. Indian Institutes of Technology
    3. Jawaharlal Nehru University
    4. Banaras Hindu University

Answer- B) Indian Institutes of Technology 

At the end of the first five year plan in 1956, five Indian Institutes of Technology were set up as major technical institutions 

Q14 Which statutory body of higher education was set up in the first five year plan? 

    1. University Grants Commission
    2. All India Council of Technical Education
    3. Medical Council of India 
    4. National Council for Teacher Education

Answer- A) University Grants Commission

UGC takes care of the funding measures and strengthens the field of higher education in India. 

Q15 What was the focus of the second 5-year plan? 

    1. Irrigation 
    2. Service sector 
    3. Public sector 
    4. Agriculture

Answer- C) Public sector 

The public sector was the focus of the second 5-yeat plan. It planned on bringing rapid industrialization in the country. 

Q16 Which economic model was followed in the second 5-year plan? 

    1. Romer growth model 
    2. Classical model 
    3. Production possibility frontier 
    4. Mahalanobis model 

Answer- D) Mahalanobis model 

This model was developed by Prasanta Chandra Mahalanobis in 1953. 

Q17 Which research institute was established during the second 5-year plan? 

    1. Institute of Economic Growth
    2. Tata Institute of Fundamental Research
    3. Centre for Economic and Social Studies 
    4. Council of Scientific and Industrial Research- Indian of Integrative Medicine. 

Answer- B) Tata Institute of Fundamental Research 

Q18 Which five year plan saw the devaluation of the Indian rupee? 

    1. First 
    2. Second 
    3. Third 
    4. Fourth 

Answer- C) Third 

The value of the Indian rupee saw devaluation for the first time in 1966. 

Q19 Which years were plan holidays for the Indian economy? 

    1. 1966-1969 
    2. 1965-1968 
    3. 1967-1970 
    4. 1964-1967 

Answer- A) 1966-1969 

After the failure of the third five-year plan, the government of India took plan holidays from 1966-1969. Three annual plans were carried out during this period. 

Q20 Which of the following was not a reason for plan holidays to be executed in India? 

    1. War 
    2. Lack of resources 
    3. Increase in inflation 
    4. Increase in imports 

Answer- D) Increase in imports 

Q21 Who was the prime minister of India during the fourth 5-year plan? 

    1. Indira Gandhi 
    2. Narendra Modi
    3. Manmohan Singh
    4. Atal Bihari Vajpayee

Answer- A) Indira Gandhi 

Q22 Which agriculturual initiative was implemented during the fourth plan? 

    1. E-NAM 
    2. National Mission for Sustainable Agriculture 
    3. Green revolution 
    4. Pradhan Mantri Fasal Bima Yojana 

Answer- C) Green Revolution

Q23 Which war took place during the fourth 5-year plan? 

    1. Kargil War 
    2. Indo-Pakistan War 
    3. Bangladesh Liberation War 
    4. Both b) and c) 

Answer- D) Both b) and c) 

Q24 What was the primary focus of the fifth 5-year plan? 

    1. Poverty alleviation 
    2. Industrialization
    3. Defence
    4. Agriculture 

Answer- A) Poverty alleviation 

Q25 Who rejected the fifth 5-year plan? 

    1. V.P. Singh 
    2. Morarji Desai 
    3. Chandra Shekhar
    4. P.V Narasimha Rao 

Answer- B) Morarji Desai

Q26 Which system was introduced to accommodate traffic during the fifth 5-year plan? 

    1. Indigenous Intelligent Transportation Systems
    2. Rural Roads Transportation Systems
    3. Indian National Highways System 
    4. Indian Railways System

Answer- C) Indian National Highways System 

Q27 Which program was introduced by D.P. Dhar during the fifth year plan? 

    1. Minimum Needs Programme
    2. Atal Mission for Rejuvenation and Urban Transformation
    3. Swacch Bharat Abhiyan 
    4. PM Jan Dhan Yojana 

Answer- A) Minimum Needs Programme 

This programme was introduced to cater to the minimum needs of the people and improve their living standards. 

Q28 Which government introduced the rolling plan after 1980? 

    1. Janata Party 
    2. Indian National Congress
    3. Communist Party of India 
    4. National People’s Party 

Answer- A) Janata Party 

Q29 Which 5-year plan led to the establishment of the National Bank for Agriculture and Rural development? 

    1. First 
    2. Second 
    3. Fifth 
    4. Sixth 

Answer- D) Sixth 

Q30 Which party led the execution of the 7th five year plan? 

    1. Congress Party 
    2. Janata Party 
    3. Nationalist Congress Party 
    4. Bahujan Samaj Party 

Answer- A) Congress Party 

The seventh 5-year plan was executed by the Congress Party led by Rajiv Gandhi. 

Q31 The seventh 5-year plan focused on ______________ 

    1. Social justice 
    2. Removal of the oppression of the weak 
    3. Agricultural development 
    4. All of the above 

Answer- D) All of the above 

Q32 Which two years carried out annual plans due to the fast changing economic situation of the country? 

    1. 1990-1992 
    2. 1991-1993 
    3. 1992-1994 
    4. 1989-1991 

Answer- A) 1990-1992 

Q33 What was the highlight of the eighth 5-year plan? 

    1. Agricultural Development 
    2. Industrialization 
    3. Modernization of Industries 
    4. Population control 

Answer- C) Modernization of Industries 

Q34 When did India become a member of the World Trade Organization? 

    1. 1 January 1995 
    2. 1 January 1996 
    3. 10 January 1995 
    4. 10 January 1996 

Answer- A) 1 January 1995 

India became the member of World Trade Organization during the eighth 5-year plan. 

Q35 Who was the prime minister of India during the implementation of the ninth 5-year plan? 

    1. Dr. Manmohan Singh 
    2. Atal Bihari Vajpayee 
    3. Jawaharlal Nehru 
    4. Lal Bahadur Shastri

Answer- B) Atal Bihari Vajpayee

Q36 What does SAPs stand for? 

    1. Special Action Plans
    2. Special Action Planning 
    3. Security Action Plans 
    4. Secure Action Plans 

Answer- A) Special Action Plans 

This measure was launched to reach targets within the stipulated time period. The SAPs focused on social infrastructure, agriculture, and water policy. 

Q37 What were the objectives of the ninth five year plan? 

    1. Population control 
    2. Social justice 
    3. Reduction of poverty 
    4. Both a) and c) 

Answer- D) Both a) and c) 

Q38 What was the target growth rate of the tenth five year plan? 

    1. 8% 
    2. 10% 
    3. 6% 
    4. 7% 

Answer- A) 8% 

Q39 What was the duration of the tenth five year plan? 

    1. 2000-2005 
    2. 2002-2007 
    3. 2001-2006 
    4. 2003-2008 

Answer- B) 2002-2007 

Q40 What were the objectives of the 12th five year plan?

    1. Introduce 50 million work opportunities in the no-farm sector 
    2. Remove gender and social gap 
    3. Increase access to higher education 
    4. All of the above 

Answer- D) All of the above