I. The Second Five-Year Plan sought to promote development which would establish socialistic pattern of society in India.
II. Between \(1966\) and \(1969\), three Annual Plans were formulated.
III. The Ninth Five-Year Plan could not take off at its stipulated time in the 60th year of India's Independence.
Which of the statements given above are correct?
I and II only
To determine which of the given statements are correct, let's examine each statement individually:
- Statement I: The Second Five-Year Plan sought to promote development which would establish socialistic pattern of society in India.
This statement is correct. The Second Five-Year Plan (1956-1961) in India was based on the Mahalanobis model that emphasized industrialization, particularly focusing on the development of heavy industries, and aimed to create a socialistic pattern of society through state-led economic planning. - Statement II: Between 1966 and 1969, three Annual Plans were formulated.
This statement is correct. After the Third Five-Year Plan (1961-1966), India faced economic challenges, and due to resource constraints and difficult economic conditions, the government adopted a period of Annual Plans (also known as Plan Holidays) from 1966 to 1969. - Statement III: The Ninth Five-Year Plan could not take off at its stipulated time in the 60th year of India's Independence.
This statement is incorrect. The Ninth Five-Year Plan (1997-2002) started at its scheduled time in 1997, coinciding with the 50th year of India's Independence, not the 60th.
Based on the analysis above, Statements I and II are correct, while Statement III is incorrect. So, the correct option is I and II only.
Important Questions from Economic Planning-India
Match List I with List II and select the answer using the code given below the Lists:
List I (Five Year Plan) List II (Objective)
A. Fifth Five Year Plan 1. Towards Faster and More Inclusive Growth
B. Seventh Five Year Plan 2. Garibi Hatao (Removal of Poverty)
C. Ninth Five Year Plan 3. Food, Work and Productivity
D. Eleventh Five Year Plan 4. Growth with Social Justice and Equality
- Which one among the following plans is also known as Mahalanobis Plan?
- Which of the following were the years of Annual Plans ?
