In NCERT Class 12 Economics Chapter 8, titled "Five Year Plan," students explore the historical significance and implementation of India's five-year plans. The chapter highlights the objectives, achievements, and limitations of each plan, focusing on economic growth, self-reliance, and social justice. It also delves into the role of planning in shaping India’s development trajectory.
This article provides an all-encompassing resource for exam preparation. It includes sample MCQs and subjective questions for CBSE and CUET, alongside downloadable PDFs of Class 12 Economics Chapter 8 MCQs and previous year questions for detailed practice of NCERT Class 12 Five Year Plan.
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NCERT Class 12 Economics Chapters
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CUET Free Master Classes:
Class 12 Economics Chapter 8 MCQs
This question bank includes previous years' CUET and CBSE MCQs, along with questions curated by subject experts. Below are 5 sample multiple-choice questions (MCQs) for Class 12 Economics Chapter 8: Five Year Plan. For the full set of 50 questions, download the PDF using the link provided below.
1- ___________ is known as the architect of Indian Planning.
(a) Jawaharlal Nehru (b) P.C. Mahalanobis
(c) Dr. Manmohan Singh (d) Dr. Rajendra Prasad
2. NITI (National Institution for Transforming India) Aayog came into being as a successor of Planning Commission in
(a) 2015 (b) 2016 (c) 2017 (d) 2018
3. Name the architect of Indian Planning :
(a) William Digby (b) P.C. Mahalanobis (c) V.K.R.V. Rao (d) Dadabhai Naoroji
4. In a __________ economy, resources are owned and operated by both public and private sectors.(Choose the correct alternative to fill up the blank)
(a) Socialist (b) Capitalist (c) Democratic (d) Mixed
5. What is the type of economy in India?
(a) Market Economy (b) Mixed Economy
(c) Planned Economy (d) Non-Planned Economy
Class 12 Economics Chapter 8 Subjective Questions Without Solutions
This question bank includes previous years' CBSE subjective questions (2 marks and above) without solutions, along with expert-curated questions. Below are 3 sample subjective questions for Class 12 Economics Chapter 8: Five Year Plan. To access all questions, download the PDF from the link provided below.
- Discuss briefly, the rationale behind “equity with growth” as planning objectives for Indian Economy.
(CBSE 2020, 4M)
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- Discuss briefly the rationale behind choosing “Self-reliance” as a planning objective for the Indian economy.
(CBSE 2020, 4M)
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- Read the following text carefully :
With independence, India chose the closed economy model in pursuit of its objective of industrial self-sufficiency. As a result, industrial structure has become considerably important. In the post-independence era, the industrial growth was rapid during the first two decades, especially during the Second and Third Plan period. The Second Plan introduced Industrial Revolution in the country. The main reasons for high rates of industrial growth witnessed during this period were due to:
(i) Emphasis on industrialisation in economic policies.
(ii) Making industrial growth the main objective in the industrial policy and planning.
(iii) Huge investments being made to support capacity creation in the industrial sector.
(iv) Growing demands for a variety of new products on the part of the urban consumers and the relatively better-off sections of the society.
(v) Pace of economic expansion supported by domestic savings and in flow of resources from abroad.
On the basis of the given text and common understanding, answer the following questions:
(a) State the time period of the Second Five Year Plan of India.
(b) Who is considered as the Father of the Second Five Year Plan of India?
(c) Discuss briefly any two reasons behind the industrial growth during the Second and Third Five Year Plans of India.
(CBSE 2023, 6M)
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Sub Areas of Chapter 8: Five Year Plan
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Chapter Name
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Sub Topics
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Five Year Plan
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8.1 Objectives of Five-Year Plans
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8.2 Achievements of Five-Year Plans
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8.3 Limitations and Challenges
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8.4 Role of Planning in Economic Development
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8.5 Transition from Planning to Liberalization
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Review of NCERT Class 12 Economics Chapter 8
In NCERT Class 12 Economics Chapter 8, "Five Year Plan," students gain a deep understanding of how planned economic development shaped India’s economy post-independence. The chapter provides insights into the goals, achievements, and shortcomings of the planning process, emphasizing its relevance in modern economic policymaking.
Mastering this chapter is vital for analyzing India’s economic policies and preparing for exams like CBSE, CUET, and other competitive exams.