Read the following Assertion (A) and Reason (R) carefully and choose the correct option. Assertion (A): The Fourth Five Year Plan aimed at growth with stability and self-reliance. Reason (R): It was launched after the shocks of war and droughts during the previous plan period.
Both A and R are true and R is the correct explanation of A.
Assertion (A) is true. The Fourth Five Year Plan (1969–74), drafted under D.R. Gadgil, had two main objectives: "growth with stability" and "progressive achievement of self-reliance".
Reason (R) is also true. It was launched in 1969 after the Third Plan period had been hit by the wars of 1962 and 1965 and the droughts of 1965–66, followed by three annual plans (Plan Holiday).
Because those shocks had caused high inflation, food shortages and dependence on foreign aid, the new plan deliberately stressed stability and self-reliance; so R explains A.
Hence, both A and R are true and R is the correct explanation of A.
Similar Questions
The second five-year plan was primarily based on which economic model?
Which of the following was a defining feature of India’s mixed economy model during the Five Year Plan period?
Read the following Assertion (A) and Reason (R) carefully and choose the correct option.
Assertion (A): The Third Five Year Plan failed to meet its targets.
Reason (R): The failure was mainly due to external shocks like war and drought.
Important Questions from Fundamentals of Economy
- Which of the following statements is NOT correct regarding India after its adoption of new economic reforms in 1991?
- India initiated structural reforms in 1991 to address a severe balance of payments crisis. Which global institution played a key role in supporting India's 1991 reforms?
The problem of choice arises on account of the pressure of three interrelated facts, viz, human wants are unlimited, means required to satisfy these wants are limited and ____.
"What to produce?" is a basic problem faced by an economy under which of the following central problems?
In which type of economy social justice is accorded higher priority than profit maximization?
