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Home › Economy › Planning & NITI Aayog

Planning & NITI Aayog — Economy Questions & Practice

Practise 23 Planning & NITI Aayog questions from Economy for competitive exams such as UPSC, Banking, SSC and Railway. Read the worked questions below, check every answer with an explanation, and track what you get wrong.

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Practice questions on Planning & NITI Aayog — with answers

Try each question first, then open the answer. Explanations are included.

1. India's First Five Year Plan (1951-56), largely based on the Harrod-Domar growth model, gave primary emphasis to which sector?

  1. AHeavy industries
  2. BAgriculture
  3. CInformation technology
  4. DFinancial services
Show answer

Answer: B

India's First Five Year Plan (1951-56) prioritized agriculture, including irrigation and power projects, reflecting the immediate post-independence need to boost food production.

2. India's Third Five Year Plan (1961-66) is often regarded as a period of setback, largely due to which combination of factors?

  1. AExcess foreign exchange reserves
  2. BWars with China and Pakistan combined with severe drought conditions
  3. CA global oil price crash
  4. DExcessive industrial overproduction
Show answer

Answer: B

The Third Five Year Plan (1961-66) faced significant setbacks due to the 1962 Indo-China war, the 1965 Indo-Pak war, and severe drought conditions affecting agricultural output.

3. The period from 1966 to 1969, following the setbacks of the Third Five Year Plan, during which no formal five-year plan was implemented, is commonly referred to as the:

  1. ARolling Plan period
  2. BPlan Holiday period
  3. CGolden Plan period
  4. DInterim Plan period
Show answer

Answer: B

The period 1966-69, when annual plans replaced a formal five-year plan due to prior setbacks, is commonly referred to as the 'Plan Holiday' period.

4. India's Planning Commission, the body historically responsible for formulating five-year plans, was established in which year?

  1. A1947
  2. B1950
  3. C1952
  4. D1955
Show answer

Answer: B

The Planning Commission of India was established in 1950 to formulate and oversee the country's economic five-year plans.

5. India's Planning Commission was replaced in 2015 by which policy think tank?

  1. AFinance Commission
  2. BNITI Aayog
  3. CReserve Bank of India
  4. DCentral Statistics Office
Show answer

Answer: B

The Planning Commission was replaced in January 2015 by NITI Aayog, a policy think tank designed to foster cooperative federalism and strategic planning.

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