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TNPSC Indian Economy Quiz: Five Year Plans, Planning Commission & NITI Aayog

Practice TNPSC Group 1, Group 2, Group 2A, Group 4 and VAO exam-oriented MCQs on India's Five Year Plans (1951-2017), Planning Commission, National Development Council, Plan Holiday, growth models and NITI Aayog. Free MCQ set with detailed explanations for TNPSC aspirants on TNCareerHub.in.

Curated by: Janani — Content Editor, TNCareerHub

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22 Aug 2026

Updated: 22 Aug 2026

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Q1 In which year was the Planning Commission of India established, and by what method was it formed? (TNPSC Group 4 - 2019 pattern)

Easy

A. 1950, by a Cabinet Resolution B. 1951, by an Act of Parliament C. 1950, by a Constitutional Amendment D. 1952, by a Presidential Order

Q2 The concept of planned economic development in India was first proposed in the book 'Planned Economy for India' (1934), written by:

Medium

A. Jawaharlal Nehru B. M. Visvesvaraya C. P.C. Mahalanobis D. D.R. Gadgil

Q3 Which of the following Five Year Plans recorded the HIGHEST achieved growth rate among the plans listed below: First (3.6%), Second (4.3%), Sixth (5.7%), and Seventh (6.01%)?

Hard

A. First Plan B. Second Plan C. Sixth Plan D. Seventh Plan

Q4 The National Development Council (NDC), which approves the Five Year Plans, was formed in which year and is headed by whom?

Medium

A. 1950; Finance Minister B. 1952; Prime Minister C. 1955; President of India D. 1965; Deputy Chairman, Planning Commission

Q5 The 'Plan Holiday' period in Indian planning history refers to:

Easy

A. 1961-1966, when the Third Plan was extended B. 1966-1969, when only Annual Plans were implemented C. 1978-1980, when the Rolling Plan was introduced D. 1990-1992, period of political instability

Q6 The First Five Year Plan (1951-56) was based on which economic growth model, and what was its main focus?

Medium

A. Mahalanobis Model; Heavy Industries B. Harrod-Domar Model; Agriculture and Irrigation C. Gadgil-Mukherjee Model; Self-Reliance D. Feldman Model; Poverty Removal

Q7 The Second Five Year Plan (1956-61) emphasized rapid industrialization using the Mahalanobis Model, which primarily focused on:

Medium

A. Expansion of the private sector and consumer goods B. Development of heavy and basic industries C. Green Revolution and food self-sufficiency D. Poverty alleviation through employment schemes

Q8 The Third Five Year Plan (1961-66), also called the 'Gadgil Yojna,' aimed at a self-reliant economy but largely failed mainly due to:

Hard

A. Global economic recession and oil price shocks B. The Indo-China War (1962), Indo-Pak War (1965), and severe drought C. Excessive private sector investment D. Withdrawal of foreign aid from the World Bank

Q9 Which of the following was the famous political slogan associated with the Fourth Five Year Plan (1969-74)?

Easy

A. Jai Jawan Jai Kisan B. Garibi Hatao C. Sabka Saath Sabka Vikas D. Antyodaya

Q10 The Fifth Five Year Plan (1974-79), which focused on 'Poverty Removal and Self-Reliance,' was terminated early. Who terminated it, and when?

Hard

A. Indira Gandhi government terminated it in 1977 B. Janata Government terminated it in 1978, one year early C. Rajiv Gandhi government terminated it in 1979 D. It completed its full term as scheduled

Q11 The Eighth Five Year Plan (1992-97), themed 'Human Resource Development,' is significant in Indian economic history because:

Medium

A. It introduced the Green Revolution B. It implemented the LPG (Liberalization, Privatization, Globalization) economic reforms of 1991 C. It replaced the Planning Commission with NITI Aayog D. It was the first plan based on the Harrod-Domar Model

Q12 NITI Aayog, which replaced the Planning Commission, was established on 1st January 2015. Which statement correctly describes its nature?

Medium

A. It has the power to allocate funds to states like the Planning Commission did B. It is a think tank with only an advisory role and no fund allocation power C. It is a constitutional body created by the 101st Amendment D. It follows a top-down, one-size-fits-all planning approach

TNPSC Indian Economy Quiz: Five Year Plans, Planning Commission & NITI Aayog

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