💥Join UPSC 2027,2028 Mentorship (June Batch) + Access XFactor Notes & Microthemes PDF
Talk to Mentor

Civilsdaily

Login

With reference to India’s Five-Year Plans, which of the following statements is/are correct

,

With reference to India’s Five-Year Plans, which of the following statements is/are correct?

1. From the Second Five-Year Plan, there was a determined thrust towards substitution of basic and capital good industries.
2. The Fourth Five-Year Plan adopted the objective of correcting the earlier trend of increased concentration of wealth and economic power.
3. In the Fifth Five-Year Plan, for the first time, the financial sector was included as an integral part of the Plan.

Select the correct answer using the code given below.

(a)

1 and 2 only

(b)

2 only

(c)

3 only

(d)

1, 2 and 3

Answer:

(a)

Easy

Core Books

Core Books/NCERT

Explanation

Second plan was conceived in an atmosphere of economic stability. The Plan Focussed on rapid industrialization- heavy & basic industries The Fifth Five-Year Plan laid stress on employment, poverty alleviation (Garibi Hatao),The Minimum Needs Programme (MNP) was introduced in the first year of the Fifth Five-Year Plan (1974–78). The objective of the programme is to provide certain basic minimum needs and thereby improve the living standards of the people.