MP Board Class 10th Social Science Chapter 15 Solutions Economic Development and Planning

In this article, we will share MP Board Class 10th Social Science Book Solutions Chapter 15 Economic Development and Planning Pdf. These MP Board Solutions are solved by subjects experts.

MP Board Class 10th Social Science Solutions Chapter 15 Economic Development and Planning

Objective Type Questions

Question 1. Multiple Choice Questions:
(Choose the correct answer from the following) (MP Board 2009)

Question (i)
In ancient time India was called –
(a) Golden Triangle
(b) Golden Bird
(c) Golden Ring
(d) Golden Country
(b) Golden Bird

Question (ii)
International Bank for Reconstruction and Development is known as –
(a) IMF
(b) World Bank
(c) RBI
(d) UNO
(b) World Bank

Question (iii)
The peroid of 10th plan is –
(a) 2002 – 2007
(b) 2001 – 2008
(c) 2003 – 2008
(d) 2004 – 2009
(a) 2002 – 2007

Question (iv)
How many persons were unemployed in beginning of first plan – (MP Board 2009, Set B)
(a) 25 lac
(b) 33 lac
(c) 43 lac
(d) 35 lac.
(b) 33 lac

Economic Development and Planning imp pdf

Question 2. Fill in the blanks:

  1. The writer of the famous book Arthshastra is ……………..
  2. The First Five Year Plan was started in ……………..
  3. Shri Mannarayan was related to the ……………..


  1.  Kautilya
  2. 1951
  3. Gandhiyan plan

Question 3. True and False type questions:

  1. The years 1966-67, 1967 – 68 and 1968 – 69 are known as the Rolling Plan.
  2. Indian Planning is based on the Russian model.
  3. Prof. Amartya Sen is related to the Planning Commission of India.


  1. True
  2. True
  3. False

Class 10th Social Science Chapter 15 question answer Solutions

Question 4. Match the column:

  1. Forth plan (a) 1992 to 1997
  2. Eight (b) Annual income below Rs 15000
  3. India Vision 2020 (c) 1969 to 1974
  4. Poverty line (d) January 2003


1. (c)
2. (a)
3. (d)
4. (b)

Answer in One – Two Words or One Sentence

Question 1.
Mention three objectives of planning in India.


  1. Self – Sufficiency
  2. Social Justice
  3. Higher rate of growth.

Question 2.
How many five – year plans have been completed so far after independence?
Ten five – year plans have been completed.

MP Board 10th Social Science Solutions.

Question 3.
Name the sector which was given top priority during the First Five Year Plan?
Agriculture was accorded top priority.

Question 4.
What are the essential things for analysing the economic planning?
Two things are essential in economic planning such as:

  1. Pre – decided aims which have to be accomplished.
  2. Description of the use of available resources to obtain the pre – determined aims.

Question 5.
Name any three types of economics?

  1. Capitalist Economy
  2. Socialist Economy
  3. Mixed Economy.

Question 6.
What are the three sectors of enterprises on the basis of ownership?

  1. Private sector
  2. Public sector and
  3. Joint sector

Question 7.
Define national income?
It is defined as the total value of all the goods and services produced within a country plus income coming from abroad.

MP Board Class 10th Social Science Chapter 15 Solutions pdf

Question 8.
What does consumption mean?
The use of goods and services is called consumption. In other words, reduction in utilities is termed as consumption.

Question 9.
What are primary activities of an economy?
Activities that are associated with land and water such as farming, cattle rearing, fishing and mining are called primary activities.

Question 10.
What is per capita income?
National income divided by the total population of the country is termed as per capita income.

Question 11.
What is Human Development Index?
The quality of life index prepared and published by United Nation’s Development Programme (UNDP) is termed as Human Development Index.

Question 13.
Define longevity?
Life expectancy at birth as known as longevity. It means the number of years a newly born baby is expected to live. Longevity in India at present is 63 years.

Question 14.
Identify different thrust areas of human development.
Health, Gender Equity and Gender Empowerment are the thrust areas of human development?

Question 15.
What basis of development has considered by Prof. Amartya Sen? (MP Board 2009)
Social Welfare.

Very Short Answer Type Questions

Question 1.
State briefly the main features of capitalist economy?

  1. Factors of production are owned by the individuals.
  2. Economic activities are carried out with the sole motive of project.
  3. Producers are to choose occupation of their own choice.
  4. Economic Development and Planning solutions pdf

Question 2.
State briefly the features of socialist economy?

  1. Government is the sole producer of goods and services.
  2. All properties belong to the government.
  3. Economic decision are taken by the central planning authority.

Class 10th Social Science Chapter 15 questions answers pdf Solutions

Question 3.
Define national income in the words of Professor Marshall?
According to Professor Marshall, the labour and capital of country, acting on its natural resources produce annually a certain net aggregate of commodities, material and immaterial including services of all kinds. This is the true net annual income or revenue of the country or the national dividend.

Question 4.
What are the advantages of a capitalist economy?

  1. Economic freedom.
  2. Maximum utilisation of resources.
  3. Higher standard of living.
  4. Increase production.
MP Board Class 10th Social Science Chapter 15 Short Answer Type Questions

Question 1.
How is planning useful for economic development?
It is rightly said that India is rich country inhabited by pocrs. We have got abundance of resources lying undiscovered, untapped and unexploited. This is due to the fact that we did not formulate plans to make the best possible utilisation of these resources. After independence we adopted planned developmental economy aiming at higher rate of growth self – reliance and balanced economic development. Planning creates employment opportunities, economic stability and allround economic development of the country.

Question 2.
Give any two objectives of economic planning?
Two objectives of economic planning are as under:

(a) High Growth Rate:
It was felt after independence that we were an undeveloped economy. It was necessary to accelerate the pace of agricultural and industrial growth for the rapid economic development of the country. This is why, we adopted planned developmental economy to attain high growth rate.

(b) Social Justice:
Our society has been victim of social injustice and inequality of income. There is wide disparity in income and wealth of individual. There are regional imbalances resulting in social tensions. Under these circumstances the planner formulated our five
year plans with an aim towards social justice. (MP Board 10th Solutions)

Question 3.
What is a Socialistic Pattern of society?
Socialist pattern of society means that the basic criterion of determining the lines of advance must not be private profit but social gain and the pattern of development and the structure of socioeconomic relations should be so planned that they result not. only in appreciable increase in national income and employment but also greater equality in income and wealth. The benefits of economic development must accure more and more to the relatively less privileged class of society, and there should be progressive reduction in the concentration of economic power.

Question 4.
Distinguish between:

  1. A Capitalist Economy and a Socialist Economy
  2. Economic and Non – economic Activities.

A Capitalist Economy:

  • Private ownership on means of production.
  • Freedom of enterprise.
  • Profit is the main motive.
  • Efficient use of resources.
  • Free working of price mechanism.

A Socialist Economy:

  • Government ownership on means of production.
  • No freedom of enterprise.
  • The main motive is social welfare and service.
  • Inefficient use of resources.
  • Interference by the government in the economy.

Economic Activities:

  • Activities which contribute to the flow of goods and services.
  • These activities are included in national income.
  • Examples: Farmers, doctors, technicians etc.

Non – economic Activities:

  • Activities which do not contribute to the flow of goods and services.
  • These activities are not included in national income.
  • Examples: Religious activities, social works etc. (Economic Development and Planning Solutions)

Long Answer Type Questions

Question 1.
Discuss the contribution of agriculture in National Income?
Contribution of Agriculture to National Income. About 45% of our national income is earned through agriculture. Nearly 67% of our people earn livelihood through agriculture and its allied activities.

1. Contribution of Agriculture to Employment:
About 67% of our working population is engaged directly or indirectly with agriculture.

2. Agriculture is Source of Government Revenue:
State government earn land revenue and some states have taxed agricultural income.

3. Contribution of Agriculture to Industry:
Agriculture lays down sound foundation of our industries in the following ways

  • Agriculture supplies us food and fodder.
  • Agriculture contributes to trade also. Trading in food grains is all based on agriculture.
  • Agriculture is main source of our exports.
  • Agriculture is the foundation stone for economic development.
  • Agriculture is major source of raw material for industry. Jute Cotton, Sugar, tea, Coffee, oil, Silk, Tobacco etc. are based on agricultural product.
  • Agriculture is the source of capital formation.
  • Agriculture supplies healthy manpower.
  • Agriculture sector purchase goods of industrial sector.

Question 2.
Give any five suggestions for increasing the growth of national income?
In order to increase the national income following measures should be adopted:

1. Increase in the Rate of Savings and Investment:
In order to increase the national income productive activities must be increased. Modem large scale industrial venture requires huge amount of capital. It requires that there must be sufficient savings and investment in the productive activities. MP Board 10th Social Science Chapter 15 important Solutions

2. Improvement in the Technique of Production:
In case we want to increase our production at faster rates we will have to introduce new technology in the field of production. It will increase the production and consequently national income will be multiplied.

3. Discouraging Increase in Populations:
Our economic development is eaten up by exploding population. It reduces our per capita income also. If we want to increase our national income we will have to check population explosion.

4. Discouraging Price Rise:
After independence inflationary pressure is Jbeing continuously felt. The commodities have become very costly, so savings are very little. Low savings and lesser capital formation is adversaliy affecting our national income. (Economic Development and Planning questions)

5. Increasing Exports:
In order to increase our industrial production we will have to import latest machines equipments and technology. It requires foreign exchange, which can be earned by exporting our surplus agricultural.

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