Economics (Part – XIII)

Total Questions: 50

41. Beginning from the Financial Year 2017-18 NITI Aayog plans to replace the 5 year plans with which of the following? [S.S.C. Online C.G.L.(T-I) 4.09.2016 (Shift-l)]

(a) 5 Year Vision Document 5
(b) 10 Year Vision Document 10
(c) 15 Year Vision Document 15
(d) 20 Year Vision Document 20

Correct Answer: (c) 15 Year Vision Document 15

Solution:After the formation of NITI Aayog in January 2015. NITI Aayog was advised by the Prime Minister's Office to prepare 15 year vision, 7 year strategy and 3 year action agenda documents.

42. NITI Aayog has been created in place of the Planning Commission. What is the full form of NITI? [S.S.C. Online Stenographer, 14.09.2017 (Shift-II)]

(a) National Institute of Team India
(b) National Institute for Transforming India
(c) New India and Team India
(d) None of the options is correct.

Correct Answer: (b) National Institute for Transforming India

Solution:NITI Aayog was constituted on 1 January 2015 in place of the Planning Commission. The full form of NITI Aayog is National Institute for Transforming India.

43. Who among the following is the chairman of NITI Aayog? [S.S.C. Online MTS (T-I) 22.10.2021 (Shift-I)]

(a) Nirmala Sitharaman
(b) Amitabh Kant
(c) Narendra Modi
(d) Rajiv Kumar

Correct Answer: (c) Narendra Modi

Solution:The chairman of NITI Aayog is Prime Minister Na-rendra Modi. The NITI Aayog (National Institution for Transforming India) is the Government of India's apex public policy think tank and the nodal agency tasked with catalyzing economic development and fostering cooperative federalism through bottom-up participation of State Governments in the economic policy-making process.

44. Who is the Ex-officio Chairman of NITI Aayog? [S.S.C. Online CGL (T-I) 13.12.2022 (Shift-I)]

(a) President
(b) Prime Minister
(c) Home Minister
(d) Finance Minister

Correct Answer: (b) Prime Minister

Solution:Prime Minister is the Ex-officio Chairman of NITI Aayog. NITI Aayog is a policy think-tank that pro-vides both directional and policy inputs while design-ing strategic and long-term policies and programmes for the Government of India. It replaced Planning Commission on 1 January, 2015.

45. For the first time the objective of self-reliance was incorporated in the_______ Five-Year Plan. [S.S.C. Online CGL (T-I) 02.12.2022 (Shift-II)]

(a) third
(b) second
(c) fifth
(d) first

Correct Answer: (a) third

Solution:First time the objective of self-reliance was incorporated in the Third Five-year plan. The third five-year plan emphasised food grain self-sufficiency, the creation of employment possibilities, and the decrease of inequalities.

46. Growth with stability and progressive achievement of self-reliance was the objective of the_______ Five-Year Plan. [S.S.C. Online CPO SI (T-I) 09.11.2022 (Shift-I)]

(a) Fifth
(b) Third
(c) Fourth
(d) Second

Correct Answer: (c) Fourth

Solution:The objective of the "Fourth" Five-Year Plan in India was growth with stability and progressive achieve-ment of self-reliance. The Fourth Five-Year Plan covered the period from 1969 to 1974 and focused on the development of agriculture, industry, and infra-structure while also emphasizing the need for social justice and poverty alleviation.

47. Which of the following sectors was the focus of the first Five-Year Plan? [S.S.C. Online CPO S.I. (T-I) 11.11.2022 (Shift-III)]

(a) Service Sector
(b) Agricultural Sector
(c) Industrial Sector
(d) Public Sector

Correct Answer: (b) Agricultural Sector

Solution:The first Indian Prime Minister, Jawaharlal Nehru, presented the first five-year plan on 8th December 1951 to Parliament, which focused on enhancing the Agricultural sector through investment in dams and irrigation facilities.

The second Five Year Plan prioritized the coun-try's industrial development.
The fifth Five Year Plan prioritized agriculture, industry, and mines.
The eighth Five Year Plan prioritized the devel-opment of human resources (Human Model).

48. Which five year plan had described human development as the root of all development efforts? [S.S.C. Online C.P.O.S.I. (T-I) 7.07.2017 (Shift-I)]

(a) First Five Year Plan
(b) Second Five Year Plan
(c) Eighth Five Year Plan
(d) Ninth Five Year Plan

Correct Answer: (c) Eighth Five Year Plan

Solution:The Eighth Five Year Plan described human development as the root of all development efforts. The period of the Eighth Five Year Plan was 1992-97. The targeted growth of this five year plan was 5.6 percent and the actual growth was 6.8 percent.

49. The actual growth rate of the ninth and tenth five year plans was and _ respectively. [S.S.C. Online CPO SI (T-I) 10.11.2022 (Shin-II)]

(a) 5.4 percent, 7.6 percent
(b) 7.2 percent, 7.6 percent
(c) 6.5 percent, 8.1 percent
(d) 7.2 percent, 8.4 percent

Correct Answer: (a) 5.4 percent, 7.6 percent

Solution:The actual growth rate of the ninth and tenth five year plans was 5.4 and 7.6 percent respectively.

50. The five-year plans of India were centralised economic and social growth programmes modelled after those prevalent in _________. [S.S.C. Online MTS (T-I) 14.10.2021 (Shift-II)]

(a) Germany
(b) USSR
(c) US
(d) Norway

Correct Answer: (b) USSR

Solution:The five-year plans of India were centralized economic and social growth programmes modeled after those prevalent in the USSR (Union of Soviet Socialist Republics).

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