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Indian EconomyMediumAsked in: NDA · NDA-II 2026, GAT

Which one of the following Five-Year Plan documents was titled as "Towards Faster and More Inclusive Growth"?

  1. A.Eighth Plan
  2. B.Ninth Plan
  3. C.Tenth Plan
  4. D.Eleventh Plan

Correct answer

D. Eleventh Plan

Explanation

The correct answer is D, Eleventh Plan. The Eleventh Five-Year Plan (2007–2012) carried the title "Towards Faster and More Inclusive Growth".

The Eleventh Plan was prepared by the Planning Commission under Prime Minister Manmohan Singh, with Montek Singh Ahluwalia as Deputy Chairman. It aimed at about 9% annual growth and stressed that the benefits of growth must reach the poor, farmers, women and Scheduled Castes and Tribes. Its successor, the Twelfth Plan (2012–2017), was titled "Faster, More Sustainable and More Inclusive Growth" and was the last Five-Year Plan before NITI Aayog replaced the Planning Commission in 2015.

A is wrong: the Eighth Plan (1992–97) followed the 1991 reforms and is linked with the Rao-Manmohan model of growth. B is wrong: the Ninth Plan (1997–2002) focused on "growth with social justice and equality". C is wrong: the Tenth Plan (2002–07) set an 8% growth target and monitorable targets for the states.

Exam tip: Eleventh Plan = faster and more inclusive growth; Twelfth Plan = faster, more sustainable and more inclusive growth.

Practice Questions

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Q1.Indian EconomyAsked in: NDA · NDA-II 2022, GATEasy

Consider the following statements about 'Ude Desh ka Aam Nagrik (UDAN)' scheme :

1. It is an innovative scheme to develop the regional aviation market.

2. It creates affordability yet economically viable and profitable flight on regional routes.

Which of the statements given above is/are correct?

  1. A.1 only
  2. B.2 only
  3. C.Both 1 and 2
  4. D.Neither 1 nor 2
Show answer
Correct answer: C. Both 1 and 2

UDAN is the regional connectivity scheme meant to grow regional air travel and make it affordable while keeping the routes viable for airlines.

Q2.Indian EconomyAsked in: CDS · CDS-II 2018, GKHard

The Fourteenth Finance Commission assigned different weights to the following parameters for distribution of tax proceeds to the States :

1. Income distance

2. Population

3. Demographic changes

4. Area

Arrange the aforesaid parameters in descending order in terms of their weights.

  1. A.1-2-3-4
  2. B.1-2-4-3
  3. C.1-3-2-4
  4. D.4-3-2-1
Show answer
Correct answer: B. 1-2-4-3

Income distance had the highest weight, followed by population, area and demographic change. The Fourteenth Finance Commission, chaired by Y.V.

Q3.Indian EconomyAsked in: CDS · CDS-II 2024, GKHard

Which one of the following statements for a firm's equilibrium in Perfect Competition is not correct ?

  1. A.The market price must be greater or equal to average variable cost in the short run.
  2. B.The market price must be equal to marginal cost.
  3. C.The market price must be equal to average cost in the long run.
  4. D.The marginal cost decreases at the equilibrium output.
Show answer
Correct answer: D. The marginal cost decreases at the equilibrium output.

This statement is not correct, because at the equilibrium of a competitive firm marginal cost must be rising. A firm in perfect competition is a price taker, so the price it gets equals its marginal revenue.

Q5.Indian EconomyAsked in: CDS · CDS-II 2024, GKEasy

Which of the following is not included in the Capital Account of the Balance of Payments of a country?

  1. A.Foreign Direct Investment
  2. B.Commercial Borrowing
  3. C.Invisibles
  4. D.External Assistance
Show answer
Correct answer: C. Invisibles

Invisibles are part of the current account of the balance of payments, not the capital account. The balance of payments records all of a country's transactions with the rest of the world and has two main parts.