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Q76 (NDA-II/2024) Economy › Growth, Development, Poverty & Employment Official Key

Which among the following statements with regard to Five Year Plans in India is/are correct ? 1. The First and Ninth five year plans accorded high priority to agriculture 2. The Third Plan was based on the Harrod-Domar Model 3. Seventh Plan focused on food, work and productivity 4. The Ninth five year plan emphasized on massive investments in public sector Select the answer using the code given below :

Result
Your answer: —  Â·  Correct: B
Explanation

The correct answer is Option B (1 and 3) based on the following evaluation of the statements:

  • Statement 1 is correct: The First Five Year Plan (1951-56) focused primarily on agricultural development to overcome food shortages post-independence. The Ninth Plan (1997-2002) also prioritized agriculture and rural development to generate employment and eradicate poverty.
  • Statement 2 is incorrect: The First Plan was based on the Harrod-Domar model. The Third Plan (1961-66) aimed at making the economy self-reliant and self-generating.
  • Statement 3 is correct: The Seventh Plan (1985-90) was explicitly centered around the objectives of 'Food, Work, and Productivity'.
  • Statement 4 is incorrect: Following the 1991 reforms, the Ninth Plan shifted focus toward market-led growth and social sectors, rather than massive public sector investments which were the hallmark of earlier Mahalanobis-style planning.
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SIMILAR QUESTIONS

NDA-I · 2011 · Q76 Relevance score: 5.79

Which one among the following statements regarding the Eighth Five Year Plan in India is not correct ?

IAS · 2019 · Q70 Relevance score: 5.78

With reference to India's Five-Year Plans, which of the following statements is/are correct? 1. From the Second Five-Year Plan, there was a determined thrust towards substitution of basic and capital good industries. 2. The Fourth Five-Year Plan adopted the objective of correcting the earlier trend of increased concentration of wealth and economic power. 3. In the Fifth Five-Year Plan, for the first time, the financial sector was included as an integral part of the Plan. Select the correct answer using the code given below.

IAS · 2009 · Q59 Relevance score: 4.44

Consider the following statements regarding Indian Planning : 1. The Second Five-Year Plan emphasized on the establishment of heavy industries. 2. The Third Five-Year Plan introduced the concept of import substitution as a strategy for industrialization. Which of the statements given above is/are correct ?

CDS-I · 2017 · Q58 Relevance score: 3.90

Consider the following statements about the Second Five-Year Plan : 1. It was drafted under the leadership of K. N. Raj. 2. It proposed that industries like electricity, railways, steel, machineries and communication could be developed in the public sector. 3. The drafters found balancing industry and agriculture very difficult. 4. The drafters found balancing industry and agriculture really easy. Which of the statements given above is/are correct?

NDA-II · 2013 · Q38 Relevance score: 3.64

Which of the following statements with regard to the ‘Fifth Report’ is/are correct? 1. It was submitted to the British Parliament in 1813 for consideration. 2. It became the basis of intense parliamentary debates on the nature of the East India Company’s rule in India. 3. It was primarily on the economic conditions of the urban and industrial centres of India. Select the correct answer using the code given below :