Answer: Option [B]For internal financing of Five Year Plans, the government depends on Taxation only. For internal financing of Five Year Plans, the Government depends on taxation, public borrowing and deficit financing.
Answer: Option [D]The Five Year Plans of India intend to develop the country industrially through the public, private, joint and Cooperative sectors.
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Answer: Option [B]The correct answer is Commercial banking. A commercial bank is a financial institution that provides various financial service, such as accepting deposits and issuing loans. Commercial bank customers can take advantage of a range of investment products that commercial banks offer like savings accounts and certificates of deposit.
Answer: Option [C]India had a plan holiday after the drought of 1966. Plan Holiday is the gap of three years that was introduced in the Indian Economy after the failure of the Third Economic plan. There are three Plan Holidays in the Indian Economic context as from 1966-1967, from 1967-1968 and 1968-1969.
Answer: Option [B]In India, the concepts of “minimum needs” and “direction anti-poverty programmes ” were the innovations of Sixth Five-Year Plan.
Answer: Option [B]The leading steel plants at Durgapur, Bhilai and Rourkela of India were established during the period of Second Five Year Plan. Second five year plan period: 1956 to 1961 The Rourkela Steel plant was set up in collaboration of German firm in 1961. The Durgapur Steel Plant was launched with assistance of a consortium led by British Firms and it started in 1956. The Bhilai Steel Plant was set up with the technical assistance of Soviet Union in September 1967. During the fourth five year plan, new steel plants were started at Salem in Tamil Nadu, Vijayanagar in Karnataka and Vishakhapatnam in Andhra Pradesh
Answer: Option [D]The correct answer is All of the above.
Answer: Option [C]The Nehru-Mahalanobis strategy of development guided the planning practice in India from the Second Five-Year Plan to the Seventh Five-Year Plan.
Answer: Option [C]The correct sequence of the following strategies used for Five Year Plans in India is
- Rehabilitation of the economy
- Industrial development
- Balanced growth
Answer: Option [D]The correct answer is GDP, PPP FDI & in a year
