Economics NITI Aayog, Planning Commission & Five-Year Plans 1. The National Planning Committee was established in: 1935 1938 1942 1947 2. The National Planning Committee was set up under: Mahatma Gandhi Subhash Chandra Bose Jawaharlal Nehru B.R. Ambedkar 3. Later, the head of the National Planning Committee became: Gandhi Nehru Patel Rajendra Prasad 4. The Bombay Plan (1944) was prepared by: Politicians Economists Industrialists Farmers 5. How many industrialists prepared the Bombay Plan? 5 6 8 10 6. The Bombay Plan aimed to double per capita income in: 10 years 12 years 15 years 20 years 7. The Gandhian Plan was drafted by: M.N. Roy J.P. Narayan S.N. Agarwal Nehru 8. Gandhian Plan emphasized: Heavy industries Rural development Foreign trade Privatization 9. People’s Plan was prepared by: Gandhi M.N. Roy Nehru Patel 10. People’s Plan focused on: Capitalism Agriculture & consumer goods Foreign trade IT sector 11. The Sarvodaya Plan was given by: Vinoba Bhave J.P. Narayan Nehru Ambedkar 12. The Sarvodaya Plan was inspired by: Marxism Capitalism Gandhian ideology Liberalism 13. The Planning Commission was established on: 26 Jan 1950 15 March 1950 1 April 1951 2 Oct 1950 14. The First Five-Year Plan started on: 15 March 1950 1 April 1951 26 Jan 1952 1955 15. The five-year plan concept was borrowed from: USA UK USSR China 16. The Lakdawala Committee is related to the following: GDP calculation Poverty estimation Inflation control Tax reform 17. The First Five-Year Plan focused mainly on: Industry Agriculture IT Defence 18. The first plan was based on: Mahalanobis Model Harrod-Domar Model Keynesian Model Marxist Model 19. The target growth rate of the First Plan was 1.5% 2.1% 3.5% 4.5% 20. The actual growth rate achieved was 2.1% 3.6% 4.2% 5% 21. The total outlay of the First Plan was approximately the following: ₹1000 crore ₹1500 crore ₹2069 crore ₹3000 crore 22. Bhakra and Hirakud projects belong to the following: Second Plan First Plan Third Plan Fourth Plan 23. Second Plan emphasized: Agriculture Heavy industries Services Trade 24. The second plan was based on: Harrod Model Mahalanobis Model Keynes Model Lewis Model 25. Indian Statistical Institute was founded by: Nehru Mahalanobis Roy Ambedkar 26. Industrial Policy Resolution was passed in: 1948 1950 1956 1961 27. The objective of the Industrial Policy Resolution of 1956 was Capitalism Socialism Mixed economy Liberalization 28. India adopted the decimal currency system in: 1950 1955 1957 1960 29. The third plan is also called: Nehru Plan Gadgil Plan Mahalanobis Plan Roy Plan 30. The main aim of the Third Plan was Industrialization Self-reliance Privatization Globalization 31. The third plan failed mainly due to the following: Inflation Wars Policy issues Lack of funds 32. The Indo-China War occurred in: 1960 1962 1965 1966 33. Plan holiday period: 1956–59 1961–64 1966–69 1970–73 34. Number of Annual Plans during the Plan Holiday: 2 3 4 5 35. Main reason for Plan Holiday: Political crisis War & economic crisis Population growth Industrial failure 36. HYV seeds introduced during: First Plan Second Plan Plan Holiday Fourth Plan Your score is Restart quiz Send feedback