Indian Economy Quiz: Five Year Plans & Economic reforms | 22 July, 2021

Consider the following statements regarding “Service Area Approach (SAA)”:
1. It was introduced in seventh five year plan for planned and orderly development of rural and semi-urban areas.
2. It is applicable to Scheduled Commercial Banks including regional rural banks.
Which of the statements given above is/are correct?

Consider the following statements regarding Extended Fund Facility (EFF):
1. It is lending facility of the IMF.
2. It was established to help countries to overcome poverty restraints.
Which of statements given above is/are correct?

Consider the following statements regarding the “Effective Tax Rate”:
1. It is applicable to both individuals and corporations.
2. The effective tax rate is a more accurate representation of a person’s or corporations overall tax liability than their marginal tax rate, and it is typically lower.
Which of the statements given above is/are correct?

The Gadgil Strategy is associated with which of the following plan?

Which of the following methods is/are comes under privatization?
1. Sale of public enterprises to private sector.
2. Disinvestment of public enterprise equity.
3. Participation of private sector in management in public sector enterprises.
Select the correct answer using the codes given below:

Which of the following plan is associated with Harrod Domar?

Which of the following statements is/are correct about ‘Fifth five-year plan’?
1. The time period for Fifth five-year plan was 1974-79.
2. Plan focus was on unemployment.
3. Plan was completed its tenure without any lapse.
Select the correct answer using the codes given below:

With reference to the ‘District Rural Development Agency (DRDA)’, which of the following statements is/are correct?
1. It was established by centre in 1980.
2. It has been given constitutional status by passing 74th Constitutional Amendment.
Select the correct answer using the codes given below:

With reference to the rolling plan, which of the following statements is/are correct?
1. It was introduced by P V Narasimha Rao.
2. The rolling plan rejected the eighth five year Plan of the preceding Janata government.
Select the correct answer using the codes given below: