Question 1
When was the Planning Commission set up in India?
- a) January 1950
- b) March 1950
- c) August 1947
- d) January 1951
Answer: b) March 1950
It was set up by a simple resolution of the Government of India.
Question 2
Who was the Chairperson of the Planning Commission?
- a) President of India
- b) Prime Minister of India
- c) Finance Minister
- d) Chief Justice of India
Answer: b) Prime Minister of India
Question 3
What was the Bombay Plan?
- a) A plan for Bombay city development
- b) A joint proposal by industrialists for a planned economy drafted in 1944
- c) A plan for industrial development in Maharashtra
- d) A Congress party economic policy
Answer: b) A joint proposal by industrialists for a planned economy drafted in 1944
Big industrialists wanted the state to take major initiatives in economic investments.
Question 4
When was the First Five Year Plan launched?
- a) 1950-1955
- b) 1951-1956
- c) 1952-1957
- d) 1947-1952
Answer: b) 1951-1956
The First Five Year Plan document was released in December 1951.
Question 5
What was the main focus of the First Five Year Plan?
- a) Heavy industries
- b) Agricultural sector and land reforms
- c) Service sector
- d) Foreign trade
Answer: b) Agricultural sector and land reforms
It focused on agriculture, dams, irrigation and land reforms.
Question 6
Who was the architect of the Second Five Year Plan?
- a) Jawaharlal Nehru
- b) K.N. Raj
- c) P.C. Mahalanobis
- d) Sardar Patel
Answer: c) P.C. Mahalanobis
He led the team of economists and planners who drafted the Second Plan.
Question 7
What was the main emphasis of the Second Five Year Plan?
- a) Agriculture
- b) Heavy industries
- c) Education
- d) Health sector
Answer: b) Heavy industries
The Second Plan stressed on rapid industrialisation and heavy industries.
Question 8
In which year did the Congress party declare ‘socialist pattern of society’ as its goal?
- a) At its Avadi session before the Second Plan
- b) At Independence in 1947
- c) During the First Plan in 1952
- d) During the Third Plan in 1961
Answer: a) At its Avadi session before the Second Plan
The Congress session at Avadi near Madras declared socialist pattern of society as its goal.
Question 9
When was NITI Aayog established to replace the Planning Commission?
- a) 1 January 2014
- b) 1 January 2015
- c) 1 January 2016
- d) 1 January 2017
Answer: b) 1 January 2015
NITI Aayog stands for National Institution for Transforming India.
Question 10
Which dam was a major project under the First Five Year Plan?
- a) Hirakud Dam
- b) Bhakra Nangal Dam
- c) Sardar Sarovar Dam
- d) Tehri Dam
Answer: b) Bhakra Nangal Dam
Huge allocations were made for large-scale projects like the Bhakra Nangal Dam.
Question 11
Who argued that India should ‘hasten slowly’ during the First Five Year Plan?
- a) P.C. Mahalanobis
- b) K.N. Raj
- c) Jawaharlal Nehru
- d) C. Rajagopalachari
Answer: b) K.N. Raj
He was a young economist involved in drafting the First Plan.
Question 12
When was the Second Five Year Plan launched?
- a) 1952
- b) 1954
- c) 1956
- d) 1958
Answer: c) 1956
Question 13
Which of the following was NOT part of the early phase of India’s development policy?
- a) Planning
- b) Liberalisation
- c) Self-sufficiency
- d) State ownership
Answer: b) Liberalisation
Liberalisation came much later; early policy emphasized planning and state control.
Question 14
What was the duration of Five Year Plans?
- a) 3 years
- b) 4 years
- c) 5 years
- d) 7 years
Answer: c) 5 years
As in the USSR, India opted for Five Year Plans.
Question 15
When was the Third Five Year Plan launched?
- a) 1958
- b) 1960
- c) 1961
- d) 1963
Answer: c) 1961
Question 16
Which model of development did India NOT consider at the time of Independence?
- a) Liberal-capitalist model of Europe and US
- b) Socialist model of USSR
- c) Chinese communist model
- d) Both a and b were considered
Answer: d) Both a and b were considered
India had before it the liberal-capitalist and socialist models; many were impressed by the Soviet model.
Question 17
The government budget was divided into which two parts during planning?
- a) Revenue and capital
- b) Plan and non-plan
- c) Direct and indirect
- d) Central and state
Answer: b) Plan and non-plan
Non-plan was for routine yearly items; plan budget was for five-year priorities.
Question 18
What criticism was made of the Third Five Year Plan?
- a) It had an urban bias
- b) It gave priority to industry over agriculture
- c) It focused on heavy industries rather than agriculture-related ones
- d) All of the above
Answer: d) All of the above
Critics pointed out various problems including urban bias and neglect of agriculture.
Question 19
What does “Left” ideology typically refer to in politics?
- a) Those favoring free competition and market economy
- b) Those favoring state control and regulation of economy
- c) Those opposing all government intervention
- d) Those supporting monarchy
Answer: b) Those favoring state control and regulation of economy
Left prefers state regulation over free competition.
Question 20
Which statement about the Bombay Plan is incorrect?
- a) It was a blueprint for India’s economic future
- b) It supported state-ownership of industry
- c) It was made by some leading industrialists
- d) It opposed the idea of planning
Answer: d) It opposed the idea of planning
The Bombay Plan strongly supported planning; industrialists wanted state initiatives in economic investments.