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Indian EconomyMedium

Which was the last of the Five Year Plans in India?

  1. A.The Tenth Plan
  2. B.The Eleventh Plan
  3. C.The Twelfth Plan
  4. D.The Thirteenth Plan

Correct answer

C. The Twelfth Plan

Explanation

The correct answer is C, the Twelfth Plan. It ran from 2012 to 2017 with the aim of faster, more inclusive and sustainable growth, and when it ended no thirteenth plan followed, because NITI Aayog had replaced the Planning Commission and put a long-term vision with a shorter action agenda in place of five year plans.

Option A, the Tenth Plan, ran from 2002 to 2007 and set the target of doubling per capita income within a decade. Option B, the Eleventh Plan, ran from 2007 to 2012 under the theme of faster and more inclusive growth, a phrase easily confused with the twelfth. Option D, a thirteenth plan, was never made. The similar wording of the last two plan themes is the trap here, so attach the word sustainable to the Twelfth Plan alone.

Read the full article: Planning in India and NITI Aayog: Plans, Models and Bodies

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Q2.Indian EconomyEasy

NITI Aayog came into existence on which date?

  1. A.1 January 2015
  2. B.15 March 2014
  3. C.1 April 2016
  4. D.26 January 2015
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Correct answer: A. 1 January 2015

On that date a cabinet resolution created the National Institution for Transforming India in place of the Planning Commission, keeping the Prime Minister as the head of the new body but changing its work from allocating funds to advising governments.

Q3.Indian EconomyMedium

The Second Five Year Plan of India was based on the model given by

  1. A.P. C. Mahalanobis
  2. B.Harrod and Domar
  3. C.M. Visvesvaraya
  4. D.V. K. R. V. Rao
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Correct answer: A. P. C. Mahalanobis

The statistician who founded the Indian Statistical Institute gave the Second Plan its framework, in which investment was directed towards heavy and basic industries such as steel, machinery and power on the argument that they would build the capacity to produce everything else.