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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

(a)

1 and 2 only

(b)

2 only

(c)

3 only

(d)

1, 2 and 3

Answer

(A)