Chapter 11: Economics of Development and Planning — Online MCQ Test
ECONOMICS · CLASS 12th · Tamil Nadu State Board
Practice Chapter 11: Economics of Development and Planning with a free chapter-wise online MCQ test.
This chapter covers: Distinguishes economic growth from economic development and traces India's planning history through the Five-Year Plans and the shift to NITI Aayog highlighting strategies for bala....
AI-generated questions from basic to board-exam level, with instant results and explanations.
Chapter 11: Economics of Development and Planning — Important Questions & Answers
Which of the following best defines economic development?
- A. Increase in national income only
- B. Sustained increase in real per capita income along with structural changes and improvement in quality of life
- C. Rise in population and employment only
- D. Increase in exports only
Answer: B. Sustained increase in real per capita income along with structural changes and improvement in quality of life
Economic development includes not only income growth but also changes in structure, welfare, and living standards.
Economic development includes not only income growth but also changes in structure, welfare, and living standards.
India's first Five-Year Plan was launched in the year:
- A. 1947
- B. 1951
- C. 1961
- D. 1971
Answer: B. 1951
The First Five-Year Plan in India was launched in 1951.
The First Five-Year Plan in India was launched in 1951.
Which of the following is a key feature of economic growth?
- A. Increase in per capita income over time
- B. Reduction in literacy rate
- C. Decline in production
- D. No change in output
Answer: A. Increase in per capita income over time
Economic growth is mainly concerned with an increase in income or output over time.
Economic growth is mainly concerned with an increase in income or output over time.
Economic growth becomes economic development when it is accompanied by:
- A. Only increase in GDP
- B. Improved distribution of income and social welfare
- C. Only rise in population
- D. Only increase in price level
Answer: B. Improved distribution of income and social welfare
Development includes both quantitative growth and qualitative improvement in welfare and distribution.
Development includes both quantitative growth and qualitative improvement in welfare and distribution.
Which of the following statements about NITI Aayog is most accurate?
- A. It prepares compulsory Five-Year Plans for states
- B. It acts as a policy think tank and promotes competitive and cooperative federalism
- C. It functions as India’s central bank
- D. It is responsible only for agriculture pricing
Answer: B. It acts as a policy think tank and promotes competitive and cooperative federalism
NITI Aayog is a policy think tank that encourages both competition and cooperation among states.
NITI Aayog is a policy think tank that encourages both competition and cooperation among states.