GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following plans aimed at improving the standard of living?
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Third Plan
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Fourth Plan
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Fifth Plan
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Sixth Plan
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Explanation:
Detailed explanation-1: -Fourth Plan (1969–1974) The Fourth Five-Year Plan adopted the objective of correcting the earlier trend of increased concentration of wealth and economic power. It was based on the Gadgil formula focusing on growth with stability and progress towards self reliance. At this time Indira Gandhi was the prime minister.
Detailed explanation-2: -Fifth Five-Year Plan (1974-78) It laid stress on increasing employment and poverty alleviation (garibi hatao). In 1975, the Electricity Supply Act was amended, enabling the central government to enter into power generation and transmission. The Indian National Highway System was introduced.
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