Criticism of Five-Year Plans

Description: This quiz is designed to assess your understanding of the criticisms of Five-Year Plans in India.
Number of Questions: 15
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Tags: indian economics economic planning five-year plans
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Which of the following is NOT a criticism of Five-Year Plans?

  1. They are too centralized.

  2. They are too inflexible.

  3. They are too ambitious.

  4. They are too successful.


Correct Option: D
Explanation:

Five-Year Plans have been criticized for being too centralized, too inflexible, and too ambitious. However, they have not been criticized for being too successful.

What is the main argument of those who criticize Five-Year Plans for being too centralized?

  1. They give too much power to the central government.

  2. They stifle local initiative.

  3. They lead to corruption.

  4. All of the above.


Correct Option: D
Explanation:

Critics of Five-Year Plans argue that they give too much power to the central government, stifle local initiative, and lead to corruption.

What is the main argument of those who criticize Five-Year Plans for being too inflexible?

  1. They cannot be adjusted to changing circumstances.

  2. They are too rigid and do not allow for innovation.

  3. They are too long and do not allow for short-term adjustments.

  4. All of the above.


Correct Option: D
Explanation:

Critics of Five-Year Plans argue that they cannot be adjusted to changing circumstances, are too rigid and do not allow for innovation, and are too long and do not allow for short-term adjustments.

What is the main argument of those who criticize Five-Year Plans for being too ambitious?

  1. They set unrealistic targets.

  2. They lead to waste and inefficiency.

  3. They create unrealistic expectations.

  4. All of the above.


Correct Option: D
Explanation:

Critics of Five-Year Plans argue that they set unrealistic targets, lead to waste and inefficiency, and create unrealistic expectations.

Which of the following is NOT a suggestion for reforming Five-Year Plans?

  1. Make them more decentralized.

  2. Make them more flexible.

  3. Make them less ambitious.

  4. Make them more successful.


Correct Option: D
Explanation:

Suggestions for reforming Five-Year Plans include making them more decentralized, more flexible, and less ambitious. However, there is no suggestion to make them more successful.

What is the main argument of those who support Five-Year Plans?

  1. They provide a clear direction for the economy.

  2. They help to coordinate economic activity.

  3. They promote economic growth.

  4. All of the above.


Correct Option: D
Explanation:

Supporters of Five-Year Plans argue that they provide a clear direction for the economy, help to coordinate economic activity, and promote economic growth.

Which of the following is NOT a benefit of Five-Year Plans?

  1. They provide a clear direction for the economy.

  2. They help to coordinate economic activity.

  3. They promote economic growth.

  4. They reduce economic inequality.


Correct Option: D
Explanation:

Five-Year Plans have been criticized for not reducing economic inequality.

Which of the following is NOT a challenge facing Five-Year Plans?

  1. Centralization.

  2. Inflexibility.

  3. Ambition.

  4. Success.


Correct Option: D
Explanation:

Five-Year Plans have not been criticized for being too successful.

Which of the following is NOT a suggestion for reforming Five-Year Plans?

  1. Make them more decentralized.

  2. Make them more flexible.

  3. Make them less ambitious.

  4. Make them more successful.


Correct Option: D
Explanation:

There is no suggestion to make Five-Year Plans more successful.

Which of the following is NOT a criticism of Five-Year Plans?

  1. They are too centralized.

  2. They are too inflexible.

  3. They are too ambitious.

  4. They are too successful.


Correct Option: D
Explanation:

Five-Year Plans have not been criticized for being too successful.

Which of the following is NOT a benefit of Five-Year Plans?

  1. They provide a clear direction for the economy.

  2. They help to coordinate economic activity.

  3. They promote economic growth.

  4. They reduce economic inequality.


Correct Option: D
Explanation:

Five-Year Plans have been criticized for not reducing economic inequality.

Which of the following is NOT a challenge facing Five-Year Plans?

  1. Centralization.

  2. Inflexibility.

  3. Ambition.

  4. Success.


Correct Option: D
Explanation:

Five-Year Plans have not been criticized for being too successful.

Which of the following is NOT a suggestion for reforming Five-Year Plans?

  1. Make them more decentralized.

  2. Make them more flexible.

  3. Make them less ambitious.

  4. Make them more successful.


Correct Option: D
Explanation:

There is no suggestion to make Five-Year Plans more successful.

Which of the following is NOT a criticism of Five-Year Plans?

  1. They are too centralized.

  2. They are too inflexible.

  3. They are too ambitious.

  4. They are too successful.


Correct Option: D
Explanation:

Five-Year Plans have not been criticized for being too successful.

Which of the following is NOT a benefit of Five-Year Plans?

  1. They provide a clear direction for the economy.

  2. They help to coordinate economic activity.

  3. They promote economic growth.

  4. They reduce economic inequality.


Correct Option: D
Explanation:

Five-Year Plans have been criticized for not reducing economic inequality.

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