What does the term “economic liberalization” refer to in the context of Indian economy?
Prelims
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Economics › Economic Growth,LPG,Planning
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Economics › Economic GrowthXFive Year Plans
Economics › Economic GrowthXFive Year Plans
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.
Options
Answer
(A)
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Economics › Economic GrowthXFive Year Plans
The main objective of the 12th Five-Year Plan is:
Options
Answer
(D)
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Economics › Economic GrowthXFive Year Plans
Consider the following statements regarding Indian Planning :
1. The Second Five-Year Plan emphasized on the establishment of heavy industries.
2. The Third Five-Year Plan introduced the concept of import substitution as a strategy for industrialization.
Which of the statements given above is/are correct ?Options
Answer
(C)