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:
Five Year Plans India: Evaluating Statement Accuracy
This solution analyzes the correctness of statements regarding India's Five Year Plans, focusing on their priorities and underlying models.
Statement 1: First and Ninth Plans Priority on Agriculture
Let's examine the priority given to agriculture in the First and Ninth Five Year Plans:
- First Five Year Plan (1951-1956): This plan heavily prioritized agriculture and rural development. It aimed to address the stagnation in agricultural production and implement land reforms. The focus was on increasing food grain production and achieving self-sufficiency. Therefore, according high priority to agriculture is correct for the First Plan.
- Ninth Five Year Plan (1997-2002): The Ninth Plan had a broad objective of achieving 'Growth with Social Justice and Equity'. Key goals included accelerated agricultural growth, rural development, employment generation, and poverty reduction. While its focus was multifaceted, accelerating agricultural growth was a significant objective, justifying the description of according it high priority.
Thus, statement 1 is considered correct.
Statement 2: Third Plan and Harrod-Domar Model
The basis of the Third Five Year Plan needs clarification:
- The First Five Year Plan (1951-1956) was significantly influenced by the Harrod-Domar model, which emphasizes the relationship between savings, investment, and economic growth.
- The Third Five Year Plan (1961-1966) aimed at making the economy self-reliant and self-generating. Its strategy involved stepping up the pace of development in agriculture and industry. It was not primarily based on the Harrod-Domar model.
Therefore, statement 2 is incorrect.
Statement 3: Seventh Plan Focus on Food, Work, and Productivity
The objectives of the Seventh Five Year Plan are evaluated as follows:
- The Seventh Five Year Plan (1985-1990) had the slogan 'Food, Work, and Productivity'. Its core objectives included accelerating economic growth, modernizing industry, expanding the production base, increasing the output of mass consumption goods, and ensuring productivity gains.
Thus, statement 3 is correct.
Statement 4: Ninth Plan Emphasis on Public Sector Investments
The investment strategy of the Ninth Five Year Plan is assessed below:
- The Ninth Five Year Plan (1997-2002) was implemented during a period of economic liberalization and reforms in India. While the public sector continued its role, the policy direction shifted towards encouraging private sector participation, foreign investment, and market mechanisms. The emphasis was not on massive public sector investments but rather on creating an environment conducive to overall economic growth driven by both public and private initiatives.
Therefore, statement 4 is incorrect.
Conclusion on Correct Statements
Based on the analysis:
- Statement 1 is correct.
- Statement 2 is incorrect.
- Statement 3 is correct.
- Statement 4 is incorrect.
The correct statements are 1 and 3.
Similar Questions
- Which among the following is/are the objective(s) of setting up of Planning Commission in the 1950s in India?
1. To increase production and offering opportunities to all for employment
2. To make assessment of all resources of the country
Select the answer using the code given below: - Before the inception of the First Five year Plan, which among the following Plans were initiated in India?
1. Bombay Plan
2. Peoples Plan
3. Sarvodaya Plan
4. Gandhian Plan
Select the answer using the code given below: - Consider the following statements :
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? - Which one among the following plans is also known as Mahalanobis Plan?
- Which of the following were the years of Annual Plans ?
Important Questions from Economic Planning-India
Which of the following has/have occurred in India after its liberalization of economic policies in 1991?
1. Share of agriculture in GDP increased enormously.
2. Share of India's exports in world trade increased.
3. FDI inflows increased.
4. India's foreign exchange reserves increased enormously.
Select the correct answer using the codes given below:
The main objective of the 12th Five-Year Plan is
Which of the following are associated with ‘Planning’ in India?
(1) The Finance Commission
(2) The National Development Council
(3) The Union Ministry of Rural Development
(4) The Union Ministry of Urban Development
(5) The Parliament
Select the correct answer using the code given below.
Economic growth is usually coupled with:
Consider the following statements:
1. National Development Council is an organ of the Planning Commission.
2. The Economic and Social Planning is kept in the Concurrent List in the Constitution of India.
3. The Constitution of India prescribes that Panchayats should be assigned the task of preparation of plans for economic development and social justice.
Which of the statements given above is/are correct?
