BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Medium term activity
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Long term activity
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Short term activity
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None of these
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Detailed explanation-1: -This plan is also called ‘Gadgil Yojna’.
Detailed explanation-2: -From 1947 to 2017, the Indian economy was premised on the concept of planning. This was carried through the Five-Year Plans, developed, executed, and monitored by the Planning Commission (1951-2014) and the NITI Aayog (2015-2017).
Detailed explanation-3: -Objectives of Five Year Plan of India Economic Growth. Economic Equity and Social Justice. Full Employment. Economic Self-Reliance.
Detailed explanation-4: -The model of the Indian Economy was premised on the concept of planning based on five-year plans from 1951-2017. The Five Year Plans were formulated, implemented and regulated by a body known as the Planning Commission. The Planning Commission was replaced by a think tank called NITI AAYOG in 2015.