May 20, 2021 - Daily Quiz
1. With reference to the First Five-Year Plan in India, which of the Statements given below is/are correct?
- It was drafted by economist K.N. Raj.
- It was based on the Harrod–Domar model, which suggested that growth was dependent on two things. First, high level of savings since higher savings enabled greater investment and second, a low capital-output ratio that ensured efficient investment and a higher growth rate.
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
2. Which of the following Five Year Plan was known as "Mahalanobis Plan".?.
(a) First Five Year Plan
(b) Second Five Year Plan
(c) Third Five Year Plan
(d) Fourth Five Year Plan
3. Which of the following Five Year Plan was interrupted by the war with Pakistan, which was followed by a severe drought the same year?.
(a) First Five Year Plan
(b) Sixth Five Year Plan
(c) Third Five Year Plan
(d) Fifth Five Year Plan
4. Which of the following period was called ‘plan holiday’?.
(a) Period between First Five Year Plan and Second Five Year Plan
(b) Period between Second Five Year Plan and Third Five Year Plan
(c) Period between Third Five Year Plan and Fourth Five Year Plan
(d) Period between Fourth Five Year Plan and Fifth Five Year Plan
5.Which of the below is/are true w.r.t. Six Day war?
- Israel fought against a combined force of Egypt, Jordan, Syria.
- This was the second of the four Arab-Israeli wars that would take place in the region.
Which of these is/are true?.
(a) 1 only
(b) 2 only
(c) 1 and 2
(d) Neither 1 Nor 2
Answers
1 – (c)
It was based on the Harrod–Domar model, which suggested that growth was dependent on two things. First, high level of savings since higher savings enabled greater investment and second, a low capital-output ratio that ensured efficient investment and a higher growth rate.
https://theprint.in/india/all-about-the-first-five-year-plan-that-was-presented-by-nehru-nearly-70-years-ago-today/457511/
2 – (b)
https://theprint.in/india/all-about-the-first-five-year-plan-that-was-presented-by-nehru-nearly-70-years-ago-today/457511/
3 – (c)
https://theprint.in/india/all-about-the-first-five-year-plan-that-was-presented-by-nehru-nearly-70-years-ago-today/457511/
4 – (c)
https://theprint.in/india/all-about-the-first-five-year-plan-that-was-presented-by-nehru-nearly-70-years-ago-today/457511/
5 – (a)
https://www.thehindu.com/news/international/israels-six-day-war-explained/article18960298.ece
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