Chapter 9: Development Experiences in India — Online MCQ Test
ECONOMICS · CLASS 11th · Tamil Nadu State Board
Practice Chapter 9: Development Experiences in India with a free chapter-wise online MCQ test.
This chapter covers: This chapter examines economic planning five-year plans NITI Aayog emergence and LPG economic reforms since 1991. Students study privatization liberalization globalization impacts....
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Chapter 9: Development Experiences in India — Important Questions & Answers
Which institution replaced the Planning Commission of India in 2015?
- A. NITI Aayog
- B. Finance Commission
- C. National Development Council
- D. Reserve Bank of India
Answer: A. NITI Aayog
NITI Aayog (National Institution for Transforming India) was established on January 1, 2015, to replace the Planning Commission.
NITI Aayog (National Institution for Transforming India) was established on January 1, 2015, to replace the Planning Commission.
What does the 'G' stand for in the LPG model of economic reforms?
- A. Growth
- B. Globalization
- C. Governance
- D. Grants
Answer: B. Globalization
LPG stands for Liberalization, Privatization, and Globalization, which were the core components of the 1991 economic reforms.
LPG stands for Liberalization, Privatization, and Globalization, which were the core components of the 1991 economic reforms.
Which sector was historically given priority in the initial Five-Year Plans of India?
- A. Services
- B. Agriculture
- C. Information Technology
- D. Tourism
Answer: B. Agriculture
The First Five-Year Plan primarily focused on the development of the agricultural sector to ensure food security.
The First Five-Year Plan primarily focused on the development of the agricultural sector to ensure food security.
Compare the pre-1991 and post-1991 economic landscape. Which statement is accurate?
- A. Pre-1991 had more foreign trade integration than post-1991.
- B. Post-1991 saw a shift toward market-determined pricing and reduced government interference.
- C. The public sector lost its importance completely after 1991.
- D. Economic planning was abolished immediately in 1991.
Answer: B. Post-1991 saw a shift toward market-determined pricing and reduced government interference.
The post-1991 reforms emphasized market mechanisms and a reduction in the state's dominant role in production.
The post-1991 reforms emphasized market mechanisms and a reduction in the state's dominant role in production.
If a policy focuses on the 'Disinvestment' of Public Sector Undertakings (PSUs), which LPG component does it fall under?
- A. Liberalization
- B. Privatization
- C. Globalization
- D. None of the above
Answer: B. Privatization
Disinvestment is a form of privatization where the government sells a portion of its equity in PSUs to the public or private entities.
Disinvestment is a form of privatization where the government sells a portion of its equity in PSUs to the public or private entities.