GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which one of the following is NOT correct?
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First Five Year Plan : 1951-1956
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Second Five Year Plan : 1956-1961
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Third Five Year Plan : 1961-1966
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Fourth Five Year Plan : 1966-1971
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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: -During the 3rd five year plan (1961-1966), government failed to achieve the targeted growth because of war situation against China in 1962 and Pakistan in 1965.
Detailed explanation-3: -The Indira Gandhi government’s first plan was thefourth five yearplan (1969-1974)developed in response to drought, devaluation, and an inflationary recession.
There is 1 question to complete.