FIVE YEAR PLAN

Multiple Choice

1. Which of the following statement is correct about the NITI AYOG?

        

• NITI Aayog was formed 25 January, 2016

• NITI Aayog comes under the Ministry of Commerce and Industry

• The full form of NITI Aayog  is National institute for Transforming India

• The NITI Aayog is a policy think tank of the Govt of India

​             Explanation : The NITI Aayog is a policy think of the Govt of India. It replaced the   Planning Commission 

Multiple Choice

2. When was NITI Aayog established?

      

• . 1 January 2015

• 25 January 2016

• 14 May 2014

• 1 July 2015

            Explanation:  NITI Aayog established on 1 January 2015. Its full form is National institution for Transforming India

Multiple Choice

 3.  Which of the following statement is/are correct about the NITI Aayog?

            A. The aim of NITI Aayog is to achieve sustainable development goals and to enhance   cooperative federalism in the country.

            B. The Prime Minister of India is the ex- Officio Chairperson of the NITI Aayog

            C.  There are 8 full time members in the NITI Aayog

                   

                   

                   

                   

• Only B & C

• ONLY B

•   ONLY A

•   ONLY A & B

Multiple Choice

4. Who of the following is the part of Governing council of NITI Aayog ?

              

• All chief ministers of the states

• Chief ministers of Delhi and Puducherry

• Lieutenant governor of Andaman & Nicobar island

• All of the above

Multiple Choice

5. Which of the following is not the function of the NITI Aayog?

    

       

• To evolve a shared vision of national development priorities sectors and strategies

• To foster cooperative federalism

• To give final approval to the five year plans of India

• To create a knowledge, innovation and entrepreneurial support system

Multiple Choice

6. Which of the following is not matched correctly about NITI Aayog?

        

• NITI Aayog Head office - Delhi

• Narendra modi - Chairman

• Parent Agency - Govtment of India

• NITI Aayog replaced – National Development council

Multiple Choice

7. Which of the following was the focus area for the second five year plan?

         

          

        

• Agriculture

• Industrialization

• Removing Poverty

• Self Reliance

Explanation: Second five-year plan:

Ø  This plan was implemented from 1956 to 1961.

Ø  The main objective of the second five-year plan was to develop the public s                                         sector and aimed at rapid industrialization.

Ø  Mahalanobis mode was the center point of the second five- year plan.

Multiple Choice

8. Which of the following was one of the main objectives of the Seventh five year plan?

          

• Increase in Infrastructure

• Increase in production of food Grains

• Elimination of poverty

• Improve the standard of living

Explanation : Seventh Five-Year Plan

Ø  Its duration was from 1985 to 1990, under the leadership of Rajiv Gandhi. 

Ø  The objectives of this plan include the establishment of a self-sufficient economy, opportunities for productive employment, and up-gradation of technology.

Ø  The Plan aimed at accelerating food grain production, increasing employment opportunities & raising productivity with a focus on ‘food, work & productivity

Multiple Choice

9. Who gives the final approval to the five year plans of India

          

• National Development Council ( NDC)

• Ministry of finance

• planning commission( Now NITI Aayog)

• President of India

​               Explanation :  National Development Council (NDC) was the final authority that used to give final approval to the five years plans. The decades-old Five-Year Plans have been replaced by three-year action plan, which will be part of a seven-year strategy paper and a 15-year vision document.

Multiple Choice

10. First five year plans was started in

           

• 1951-56

• 1956-61

• 1951- 57

• 1966-68

Multiple Choice

11. Launched in 1951, India’s first five year plan was based on which of the following economic models to focus on agriculture and irrigation to boost farm output?

           

• Heckscher- ohlin model

• Cobb- Douglas Model

• Harrold- Domar Model

• Mundell- Fleming model

Multiple Choice

     12. The very first five-year plan of India was based on the model of

          

• Mahalanobis model

• Harrod Domar Model

• Bombay Plan

• None of these

Multiple Choice

13. What as the prime target of the first five-year plan of India?

  

• Development of the industries

• Development of Agriculture

• Development of infrastructure

• Development of ports

Explanation:  The main focus of the first five-year plan was the agricultural development of the country. Agriculture is still the backbone of the Indian economy in terms of employment generatio

Multiple Choice

14 Which programme given the slogan of Garibi Hatao?

            

• 7th five-year

• 3rd five year plan

• 6th five year plan

• 5th five-year plan

​Explanation: Indira Gandhi’s political opponents campaigned on the slogan “Indira Hatao,“ (Remove Indira). But Indira Gandhi tweaked it and renamed as “Garibi Hatao,“ (Remove Poverty).

Indira Gandhi ji used the slogan of 'Garibi Hatao Desh Bachavo (meaning ’Abolish Poverty rescue the country’) in 1971 election. The duration of the fourth Five Year Plan was from 1969 to 1974. So the correct answer would be fourth Five Year Plan.

     

Multiple Choice

15. Which five-year plan India opted for a mixed econ

            

• First

• Second

• Third

• Fourth

Explanation: A mixed economy means the co-existence of the government and the Private sector in an economy.

Multiple Choice

16. When was the plan holiday declared?

     

• After the third plan

• After the fourth plan

• After the fifth plan

• After the sixth plan

​Explanation:  The main reason behind the plan holiday was the Indo-Pakistan war & failure of the third plan. The duration of this plan was from 1966 to 1969. The duration of the third five-year plan was from 1961 to 1966.

Multiple Choice

17. “Aster and more inclusive growth” was the objective of

  

• Tenth Five year Plan 

• Eleventh Five Year Plan

• Twelth Five Year Plan

• Ninth Five Year Plan  

Multiple Choice

18. The Plan launched in the 50th Year of Indian Independence was

   

• Tenth Five Year Plan

• Ninth Five Year Plan

• Seventh Five Year Plan

• Eighth Five Year Plan

Multiple Choice

19. In which year, Planning commission was established in India?

            

• 1950

• 1951

• 1952

• 1955

Multiple Choice

20.  Which is India’s Largest commercial bank?

      

• Panjab National Bank

• State Bank of India

• Canara Bank

• Vijaya Bank

Multiple Choice

21. In which year State Bank of India Act was passed?

        

• 1934

• 1945

• 1955

• 1957

Multiple Choice

22. “The Name you can Bank Upon” is the slogan of which of the following banks?

            

• . HDFC Bank

• Canara Bank

• SBI

• Panjab National Bank

​             Explanation:  PNB was established on May 19 1984, is India first Swadeshi Bank

 The Bank opened for business on12April 1985

PNB is an Indian public sector bank headquarters in New Delhi

Multiple Choice

23.  Who was the first Indian Governor of the Reserve Bank of India?

       

• C D Deshmukh

• Nanabhoy Palkhivala

• Benegal Rama Rau

• C Rajagopalachari

Multiple Choice

   24. The official symbol of Reserve Bank of India consists of …?

           

• Rose tree

• Palm tree

• banyan tree

• Pipal tree

Multiple Choice

25. Where is the Head Quarter of Reserve Bank of India?

          

• Mumbai

• Delhi

• Kolkotta

• Ahmedabad

Multiple Choice

26. Which of the following is true about the functions performed by RBI -

         A. It is the Bank of Issue

         B. It acts as banker to the Government

         C. It is the banker of other banks

         D.It regulates the flow of credit

         

          

         

      

•    Both A and B

•  Both C and D

• All the Above

•      None of the above

​

 Exp : The Reserve Bank of India, as the central bank of the country, functions as the sole bank with the right of issuing paper notes, it acts as banker to the Government, it is the banker to other bank and it regulates the flow of credit.

Multiple Choice

27. NABARD was set up by an act of Parliament in 1982 ?

       

         

•      A. To facilitate credit for agriculture only

• To promote rural development and infrastructure

• Both 1 & 2

• .None of the above

          Exp : National Bank for Agriculture and Rural Development (NABARD) is an apex   development bank in India.

It was established in 1982 by the Government of India to provide credit and other financial services to the rural sector.

Multiple Choice

28. How many banks were nationalized in India in the year 1969?

    

• 12

• 29

• 14

•   6

Multiple Choice

29. Punjab National Bank was established in ____.

  

   

• 1881

• 1894

• 1913

• 1917

Multiple Choice

30. Which among the following is not a public sector bank?

         

• Allahabad Bank

• City Union Bank

• UCO Bank

• Vijaya Bank