GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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After which Five Year Plan, there were three annual Plan?
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Second Five Year Plan
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Third Five Year Plan
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Fourth Five Year Plan
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Fifth Five Year Plan
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Explanation:
Detailed explanation-1: -After the second Five Year Plan, there were no annual plans announced as such. After the third Five Year Plan, these plans were introduced to boost the economy of the nation.
Detailed explanation-2: -It was based on the Harrod-Domar model.
Detailed explanation-3: -Third Plan (1961–1966) The Third Five-year Plan stressed agriculture and improvement in the production of wheat, but the brief Sino-Indian War of 1962 exposed weaknesses in the economy and shifted the focus towards the defence industry and the Indian Army. In 1965–1966, India fought a War with Pakistan.
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