Plan Strategy of Plan (1) 11th Plan Inclusive growth (2) 2nd Plan Heavy industry investment (3) 3rd Plan Balanced growth (4) 8th Plan Basic Needs
Indian Five Year Plan Strategy Analysis
This question requires identifying the incorrectly matched pair between a specific Indian Five-Year Plan and its primary strategic focus.
Examining Plan-Strategy Pairs
- 11th Plan (2007-2012): Its core objective was rapid and Inclusive growth. This match is accurate.
- 2nd Plan (1956-1961): Known for prioritizing rapid industrialization, especially in Heavy industry investment, following the Mahalanobis model. This match is accurate.
- 3rd Plan (1961-1966): Focused on achieving self-reliance and self-sufficiency, particularly in agriculture, while continuing industrial development. The goal of Balanced growth, though broad, aligns with the developmental aims during this period. This match is generally considered correct in the context of developmental strategies.
- 8th Plan (1992-1997): This plan emphasized economic liberalization, structural reforms, employment generation, poverty alleviation, and human development. While 'Basic Needs' like health and education were part of human development goals, they were not the central, defining strategy of the 8th Plan. The key focus was broader economic growth and modernization.
Identifying the Mismatch
Comparing the primary objectives, the strategy 'Basic Needs' does not accurately represent the core focus of the 8th Plan as comprehensively as the other pairings represent their respective plans. The 8th Plan's strategy was more centered around economic reforms and overall human development.
Therefore, the pairing of the 8th Plan with Basic Needs is not correctly matched.
Important Questions from Economy
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.
