Class 12 Economics MCQ Chapter 10 Common Goals of Five Years Plans

Class 12 Economics MCQ Chapter 10 Common Goals of Five Years Plans Question Answer English Medium to each chapter is provided in the list so that you can easily browse through different chapters Class 12 Economics MCQ Chapter 10 Common Goals of Five Years Plans and select need one. AHSEC Class 12 Economics Objective Type Solutions As Per AHSEC New Book Syllabus Download PDF. AHSEC Economics MCQ Class 12.

Class 12 Economics MCQ Chapter 10 Common Goals of Five Years Plans

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Also, you can read the NCERT book online in these sections Solutions by Expert Teachers as per Central Board of Secondary Education (CBSE) Book guidelines. AHSEC Class 12 Economics Multiple Choice Solutions are part of All Subject Solutions. Here we have given AHSEC Class 12 Economics MCQ in English for All Chapters, You can practice these here.

Common Goals of Five Years Plans

Chapter: 10

1. Economic planning primarily means:

(i) Letting prices alone guide all decisions.

(ii) A central authority allocating resources to meet time-bound goals.

(iii) Only private firms choose investments.

(iv) Random policy experiments.

Ans: (ii) A central authority allocating resources to meet time-bound goals.

2. A mixed economy is one where:

(i) Only public sector operates.

(ii) Only private sector operates.

(iii) Public and private sectors coexist with state regulation.

(iv) Markets are banned.

Ans: (iii) Public and private sectors coexist with state regulation.

3. The Planning Commission of India was established on:

(i) 15 August 1947.

(ii) 1 January 2015.

(iii) 15 March 1950.

(iv) 6 August 1952.

Ans: (iii) 15 March 1950.

4. The draft outline of the First Five-Year Plan was presented in:

(i) July 1951.

(ii) April 1950.

(iii) January 1952.

(iv) December 1949.

Ans: (i) July 1951.

5. The First Five-Year Plan period was:

(i) 1950–55.

(ii) 1951–56.

(iii) 1952–57.

(iv) 1956–61.

Ans: (ii) 1951–56.

6. The “Plan Holiday” refers to:

(i) 1951–56.

(ii) 1966–69.

(iii) 1974–78.

(iv) 1990–92.

Ans: (ii) 1966–69.

7. The National Development Council (NDC) was constituted on:

(i) 6 August 1952.

(ii) 15 March 1950.

(iii) 1 January 2015.

(iv) 26 January 1950.

Ans: (i) 6 August 1952.

8. The Second Five-Year Plan’s strategy is associated with:

(i) M. Visvesvaraya.

(ii) P.C. Mahalanobis.

(iii) M.N. Roy.

(iv) Dadabhai Naoroji.

Ans: (ii) P.C. Mahalanobis.

9. The Eighth Five-Year Plan started in:

(i) 1990.

(ii) 1991.

(iii) 1992.

(iv) 1993.

Ans: (iii) 1992.

10. The Twelfth Five-Year Plan covered:

(i) 2007–12.

(ii) 2012–17.

(iii) 2017–22.

(iv) 2002–07.

Ans: (ii) 2012–17.

11. NITI Aayog was established on:

(i) 2 October 2014.

(ii) 1 January 2015.

(iii) 26 January 2015.

(iv) 15 August 2016.

Ans: (ii) 1 January 2015.

12. The ex-officio Chairperson of NITI Aayog is the:

(i) Finance Minister.

(ii) President of India.

(iii) Prime Minister of India.

(iv) Chief Justice of India.

Ans: (iii) Prime Minister of India.

13. NITI Aayog primarily functions as a:

(i) Lending bank.

(ii) Policy think tank without allocative powers.

(iii) Centralized fund allocator.

(iv) Tax authority.

Ans: (ii) Policy think tank without allocative powers.

14. NITI Aayog emphasizes which approach?

(i) Top-down centralized planning.

(ii) Bottom-up cooperative federalism (“Team India”).

(iii) Autarkic isolation.

(iv) Only private consultation.

Ans: (ii) Bottom-up cooperative federalism (“Team India”).

15. Which is NOT a common long-term goal of Indian planning?

(i) Growth.

(ii) Modernization.

(iii) Self-reliance.

(iv) Hyperinflation.

Ans: (iv) Hyperinflation.

Parimol

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