Future of Economic Planning in India

Description: This quiz is designed to assess your understanding of the future of economic planning in India. It covers various aspects of economic planning, including the role of the government, the private sector, and the challenges and opportunities that lie ahead.
Number of Questions: 15
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Tags: economic planning five-year plans indian economy
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What is the primary objective of economic planning in India?

  1. To achieve rapid economic growth

  2. To reduce poverty and inequality

  3. To promote social justice

  4. All of the above


Correct Option: D
Explanation:

Economic planning in India aims to achieve a combination of rapid economic growth, poverty reduction, inequality reduction, and social justice.

Which Five-Year Plan introduced the concept of "garibi hatao" (eradication of poverty) as its primary goal?

  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 "garibi hatao" as its primary goal.

What is the current Five-Year Plan of India?

  1. Twelfth Five-Year Plan

  2. Thirteenth Five-Year Plan

  3. Fourteenth Five-Year Plan

  4. Fifteenth Five-Year Plan


Correct Option: D
Explanation:

The current Five-Year Plan of India is the Fifteenth Five-Year Plan (2021-2026).

Which sector is expected to play a major role in driving economic growth in India in the future?

  1. Agriculture

  2. Manufacturing

  3. Services

  4. Infrastructure


Correct Option: C
Explanation:

The services sector is expected to play a major role in driving economic growth in India in the future.

What is the main challenge facing economic planning in India today?

  1. High levels of poverty and inequality

  2. Lack of infrastructure

  3. Corruption

  4. All of the above


Correct Option: D
Explanation:

Economic planning in India today faces a number of challenges, including high levels of poverty and inequality, lack of infrastructure, and corruption.

How can the government promote economic growth and development in India?

  1. By investing in infrastructure

  2. By providing subsidies to businesses

  3. By reducing taxes

  4. All of the above


Correct Option: D
Explanation:

The government can promote economic growth and development in India by investing in infrastructure, providing subsidies to businesses, reducing taxes, and implementing other policies that encourage investment and innovation.

What role does the private sector play in economic planning in India?

  1. The private sector is responsible for implementing government policies

  2. The private sector is responsible for generating employment

  3. The private sector is responsible for investing in new technologies

  4. All of the above


Correct Option: D
Explanation:

The private sector plays a vital role in economic planning in India by implementing government policies, generating employment, investing in new technologies, and contributing to economic growth.

How can India achieve sustainable economic growth?

  1. By focusing on renewable energy sources

  2. By promoting energy efficiency

  3. By reducing carbon emissions

  4. All of the above


Correct Option: D
Explanation:

India can achieve sustainable economic growth by focusing on renewable energy sources, promoting energy efficiency, reducing carbon emissions, and implementing other policies that protect the environment.

What is the role of technology in the future of economic planning in India?

  1. Technology can help improve productivity

  2. Technology can help create new jobs

  3. Technology can help reduce poverty and inequality

  4. All of the above


Correct Option: D
Explanation:

Technology can play a vital role in the future of economic planning in India by helping to improve productivity, create new jobs, reduce poverty and inequality, and promote sustainable economic growth.

How can India become a global economic superpower?

  1. By investing in education and skill development

  2. By promoting innovation and entrepreneurship

  3. By improving the business environment

  4. All of the above


Correct Option: D
Explanation:

India can become a global economic superpower by investing in education and skill development, promoting innovation and entrepreneurship, improving the business environment, and implementing other policies that encourage economic growth and development.

What are the key challenges that India needs to overcome in order to achieve its economic goals?

  1. Poverty and inequality

  2. Lack of infrastructure

  3. Corruption

  4. All of the above


Correct Option: D
Explanation:

India needs to overcome a number of challenges in order to achieve its economic goals, including poverty and inequality, lack of infrastructure, corruption, and other structural issues.

How can India attract foreign investment?

  1. By creating a favorable investment climate

  2. By providing incentives to foreign investors

  3. By improving the ease of doing business

  4. All of the above


Correct Option: D
Explanation:

India can attract foreign investment by creating a favorable investment climate, providing incentives to foreign investors, improving the ease of doing business, and implementing other policies that encourage foreign investment.

What is the role of the NITI Aayog in economic planning in India?

  1. To formulate national economic policies

  2. To monitor and evaluate the implementation of economic policies

  3. To provide advice to the government on economic matters

  4. All of the above


Correct Option: D
Explanation:

The NITI Aayog is a government think tank that is responsible for formulating national economic policies, monitoring and evaluating the implementation of economic policies, and providing advice to the government on economic matters.

How can India achieve inclusive economic growth?

  1. By investing in social welfare programs

  2. By promoting job creation

  3. By reducing income inequality

  4. All of the above


Correct Option: D
Explanation:

India can achieve inclusive economic growth by investing in social welfare programs, promoting job creation, reducing income inequality, and implementing other policies that ensure that the benefits of economic growth are shared by all.

What is the role of the private sector in achieving sustainable economic growth in India?

  1. To invest in renewable energy sources

  2. To adopt energy-efficient technologies

  3. To reduce carbon emissions

  4. All of the above


Correct Option: D
Explanation:

The private sector can play a vital role in achieving sustainable economic growth in India by investing in renewable energy sources, adopting energy-efficient technologies, reducing carbon emissions, and implementing other policies that promote environmental sustainability.

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