Which one of the Five Year Plans had a high priority to bring inflation under control and to achieve stability in the economic situation ?

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Q: 57 (CDS-I/2016)

Which one of the Five Year Plans had a high priority to bring inflation under control and to achieve stability in the economic situation ?

question_subject: 

Economics

question_exam: 

CDS-I

stats: 

0,39,88,29,39,21,38

keywords: 

{'fifth plan': [0, 0, 0, 1], 'inflation': [0, 1, 0, 3], 'sixth plan': [0, 0, 1, 1], 'fourth plan': [0, 0, 1, 1], 'year plans': [0, 1, 0, 0], 'seventh plan': [0, 0, 0, 1], 'economic situation': [0, 0, 0, 1], 'high priority': [0, 0, 0, 1], 'stability': [1, 0, 0, 0]}

Option 1: Fourth Plan (1969-74)

The Fourth Five Year Plan focused on poverty alleviation, employment generation, and agricultural development. While it did aim to control inflation to some extent, it was not its main priority. Therefore, option 1 is incorrect.

Option 2: Fifth Plan (1974-79)

The Fifth Five Year Plan was implemented during a period of high inflation and economic instability. Hence, it had a high priority to bring inflation under control and achieve stability in the economic situation. Therefore, option 2 is the correct answer.

Option 3: Sixth Plan (1980-85)

The Sixth Five Year Plan aimed at achieving economic growth, modernization, and improvement in living standards. While it did try to keep inflation in check, it was not its primary objective. Therefore, option 3 is incorrect.

Option 4: Seventh Plan (1985-90)

The Seventh Five Year Plan focused on poverty alleviation, self-reliance, and infrastructure development. It did not give high priority to inflation control and economic stability. Therefore, option 4 is incorrect.

In conclusion, the correct answer is option 2, the Fifth Plan (1974-79), which had a high priority to bring inflation under control and