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Question

Which of the following was the last Five-Year Plan of India?

The correct answer is
12th

Identifying India's Final Five-Year Plan

The question asks to identify the last Five-Year Plan implemented in India. Five-Year Plans were a series of socio-economic development programs implemented by the Planning Commission of India.

Timeline of Indian Five-Year Plans

India adopted economic planning shortly after independence. The Five-Year Plans aimed to guide the country's development across various sectors. Here's a brief overview:

  • The first Five-Year Plan started in 1951.
  • Subsequent plans were launched periodically, with some interruptions (like annual plans during periods of instability).
  • The plans generally spanned five years, setting targets and strategies for economic growth and social development.

The 12th Five-Year Plan

The 12th Five-Year Plan is recognized as the final Five-Year Plan in India. Its period was from 2012 to 2017. The focus areas included faster, more inclusive, and sustainable growth.

Transition to NITI Aayog

Following the conclusion of the 12th Five-Year Plan in March 2017, the Indian government decided not to formulate a 13th Five-Year Plan. Instead, the Planning Commission was dissolved and replaced by the NITI Aayog (National Institution for Transforming India) in January 2015. NITI Aayog functions as a policy think tank, providing strategic direction and focusing on long-term policy formulation rather than fixed five-year targets.

Conclusion

Therefore, the 12th Five-Year Plan was the last in the series of Five-Year Plans that structured India's development strategy for decades.

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Important Questions from Economics

  1. Which of the following is NOT a classification of E-Commerce?

  2. The subject of the Study of Macro Economics is based on which principle?

  3. Which of the following is NOT one of the scheduled public sector banks in India?

  4. In September 2021,the Pension Fund Regulatory and Development Authority (PFRDA) increased the entry age for the National Pension System (NPS) from_______ to ______.

  5. Which of the following institutions was set up in 1982 in order to streamline credit facilities to farmers at a national level?

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