The rolling plan concept was introduced during which Prime Minister's tenure?
Morarji Desai
The Rolling Plan was an economic planning approach adopted in India as an alternative to the rigid Five-Year Plan system, allowing for annual review and revision of targets.
This concept was introduced during the tenure of Prime Minister Morarji Desai, whose government adopted rolling plans covering the period from 1978 onwards, replacing the fixed Five-Year Plan model with a more flexible one.
Under this system, a plan for the coming year, a plan for a fixed number of years, and a long-term perspective plan were prepared and revised annually, unlike the Nehru, Indira Gandhi, or Rajiv Gandhi governments, which largely continued the traditional Five-Year Plan structure.
Hence, the answer is Morarji Desai.
The Five Year Plan was first launched in
Which of the following was/were the feature(s) of Lenin’s New Economic Policy (NEP) for the Soviet Union?
1) Private retail trading was strictly forbidden
2) Private enterprise was strictly forbidden
3) Peasants were not allowed to sell their surplus
4) To secure liquid capital, concessions were allowed to foreign capitalists, but the State retained the option of purchasing the product of such concerns
Select the correct answer using the code given below:
Which one of the following was set as a target of average growth of GDP of India over the plan period 2012-2017 by the Approach Paper to the Twelfth Five year Plan?
In ________ economies, all productive resources are owned and controlled by the government.
Private ownership of the means of production is a feature of a _______ economy.