Consider the following statements about Indias Five Year Plan : 1. Prior to the Fourth Five-Year Plan, the allocation of state resources was based on schematic pattern. 2. Lack of transparent and objective mechanism in allocation of state resources led to

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Q: 56 (SCRA/2012)
Consider the following statements about India’s Five Year Plan :
1. Prior to the Fourth Five-Year Plan, the allocation of state resources was based on schematic pattern.
2. Lack of transparent and objective mechanism in allocation of state resources led to the adoption of the Gadgil formula in 1969.
Which of the statements given above is/are correct?

question_subject: 

Economics

question_exam: 

SCRA

stats: 

0,16,7,1,6,16,0

keywords: 

{'gadgil formula': [0, 0, 0, 2], 'allocation': [1, 0, 4, 8], 'year plan': [0, 0, 1, 8], 'schematic pattern': [0, 0, 0, 1], 'state resources': [0, 0, 0, 1], 'objective mechanism': [0, 0, 0, 1], 'india': [8, 1, 7, 13]}