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_year: 
2012
question_exam: 
SCRA
stats: 
0,176,88,32,56,176,0