Failures of Five-Year Plans

Description: This quiz aims to evaluate your understanding of the failures of Five-Year Plans in India. These plans were ambitious attempts to accelerate economic growth and social development, but they faced significant challenges and shortcomings. Test your knowledge about the reasons behind the failures of these plans and their impact on the Indian economy.
Number of Questions: 15
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Tags: indian economics economic planning five-year plans failures
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Which Five-Year Plan period witnessed the highest rate of inflation in India?

  1. First Five-Year Plan

  2. Second Five-Year Plan

  3. Third Five-Year Plan

  4. Fourth Five-Year Plan


Correct Option: C
Explanation:

The Third Five-Year Plan (1961-1966) experienced the highest rate of inflation in India, primarily due to excessive government spending and a poor agricultural performance.

What was the primary reason for the failure of the Second Five-Year Plan?

  1. Overambitious targets

  2. Inadequate resource allocation

  3. Lack of foreign exchange

  4. Political instability


Correct Option: A
Explanation:

The Second Five-Year Plan (1956-1961) failed primarily due to overambitious targets, leading to resource constraints and imbalances in the economy.

Which sector was neglected during the First Five-Year Plan, resulting in a food crisis?

  1. Agriculture

  2. Industry

  3. Infrastructure

  4. Education


Correct Option: A
Explanation:

The First Five-Year Plan (1951-1956) neglected the agricultural sector, leading to a food crisis and the need for imports.

What was the main objective of the Fourth Five-Year Plan?

  1. Accelerated industrial growth

  2. Green Revolution

  3. Poverty alleviation

  4. Export promotion


Correct Option: B
Explanation:

The Fourth Five-Year Plan (1969-1974) focused on the Green Revolution, aiming to increase agricultural productivity and self-sufficiency.

Which Five-Year Plan period saw the highest growth rate in the Indian economy?

  1. First Five-Year Plan

  2. Second Five-Year Plan

  3. Third Five-Year Plan

  4. Fourth Five-Year Plan


Correct Option: B
Explanation:

The Second Five-Year Plan (1956-1961) achieved the highest growth rate in the Indian economy, driven by investments in heavy industries and infrastructure.

What was the primary reason for the failure of the Third Five-Year Plan?

  1. Drought and natural calamities

  2. Foreign exchange crisis

  3. Political instability

  4. Lack of skilled labor


Correct Option: A
Explanation:

The Third Five-Year Plan (1961-1966) faced severe droughts and natural calamities, leading to a decline in agricultural output and economic growth.

Which Five-Year Plan introduced the concept of 'Rolling Plans'?

  1. First Five-Year Plan

  2. Second Five-Year Plan

  3. Third Five-Year Plan

  4. Fourth Five-Year Plan


Correct Option: D
Explanation:

The Fourth Five-Year Plan (1969-1974) introduced the concept of 'Rolling Plans', which allowed for adjustments and modifications based on changing economic conditions.

What was the primary objective of the First Five-Year Plan?

  1. Industrial development

  2. Agricultural development

  3. Infrastructure development

  4. Social welfare


Correct Option: B
Explanation:

The First Five-Year Plan (1951-1956) focused on agricultural development, aiming to achieve self-sufficiency in food production.

Which Five-Year Plan period witnessed the highest rate of unemployment in India?

  1. First Five-Year Plan

  2. Second Five-Year Plan

  3. Third Five-Year Plan

  4. Fourth Five-Year Plan


Correct Option: C
Explanation:

The Third Five-Year Plan (1961-1966) experienced the highest rate of unemployment in India, due to a mismatch between the skills of the workforce and the demands of the economy.

What was the primary reason for the failure of the First Five-Year Plan?

  1. Overambitious targets

  2. Inadequate resource allocation

  3. Lack of foreign exchange

  4. Political instability


Correct Option: B
Explanation:

The First Five-Year Plan (1951-1956) failed primarily due to inadequate resource allocation, leading to a shortage of funds for various projects.

Which Five-Year Plan introduced the concept of 'Minimum Needs Program'?

  1. First Five-Year Plan

  2. Second Five-Year Plan

  3. Third Five-Year Plan

  4. Fourth Five-Year Plan


Correct Option: D
Explanation:

The Fourth Five-Year Plan (1969-1974) introduced the concept of 'Minimum Needs Program', aiming to provide basic necessities to the poor and vulnerable sections of society.

What was the primary objective of the Second Five-Year Plan?

  1. Accelerated industrial growth

  2. Green Revolution

  3. Poverty alleviation

  4. Export promotion


Correct Option: A
Explanation:

The Second Five-Year Plan (1956-1961) focused on accelerated industrial growth, aiming to build a strong industrial base for the economy.

Which Five-Year Plan period witnessed the highest rate of economic growth in India?

  1. First Five-Year Plan

  2. Second Five-Year Plan

  3. Third Five-Year Plan

  4. Fourth Five-Year Plan


Correct Option: B
Explanation:

The Second Five-Year Plan (1956-1961) achieved the highest rate of economic growth in India, driven by investments in heavy industries and infrastructure.

What was the primary reason for the failure of the Fourth Five-Year Plan?

  1. Drought and natural calamities

  2. Foreign exchange crisis

  3. Political instability

  4. Lack of skilled labor


Correct Option: B
Explanation:

The Fourth Five-Year Plan (1969-1974) faced a severe foreign exchange crisis, limiting the import of essential goods and machinery.

Which Five-Year Plan introduced the concept of 'Socialist Pattern of Society'?

  1. First Five-Year Plan

  2. Second Five-Year Plan

  3. Third Five-Year Plan

  4. Fourth Five-Year Plan


Correct Option: B
Explanation:

The Second Five-Year Plan (1956-1961) introduced the concept of 'Socialist Pattern of Society', aiming to reduce economic inequalities and promote social justice.

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