Test: Five Year Plans - CLAT MCQ

National Development Council (NDC) was the final authority that used to give final approval to the five years plans. The decades-old Five-Year Plans have been replaced by three-year action plan, which will be part of a seven-year strategy paper and a 15-year vision document.

The duration of the first five-year plan was from 1951 to 1956. This plan was successful and achieved growth rate of 3.6% which was more than its target.

The first five year plan was based on the Harrod-Domar model which is bsed on the steady state gorwth rate.

The main focus of the first five-year plan was the agricultural development of the country. Agriculture is still the backbone of the Indian economy in terms of employment generation.

Indira Gandhi’s political opponents campaigned on the slogan “Indira Hatao,“ (Remove Indira). But Indira Gandhi tweaked it and renamed as “Garibi Hatao,“ (Remove Poverty).

Indira Gandhi ji used the slogan of 'Garibi Hatao Desh Bachavo (meaning ’Abolish Poverty rescue the country’) in 1971 election. The duration of the fourth Five Year Plan was from 1969 to 1974. So the correct answer would be fourth Five Year Plan.

A mixed economy means the co-existence of the government and the Private sector in an economy.

The main reason behind the plan holiday was the Indo-Pakistan war & failure of the third plan. The duration of this plan was from 1966 to 1969. The duration of the third five-year plan was from 1961 to 1966.

Jawahar Rozgar Yojna was launched on April 1, 1989. It was launched in the Seventh Five Year Plan.

The duration of the plan holiday was from 1966 to 1969. During this plan, annual plans were made.

National Development Council (NDC) is composed of the members mentioned below:

(i) Prime Minister of India (Chairman of NDC)

(ii) Chief Ministers of all states

(iii) Administrators of all Union Territories

(iv) All cabinet ministers

(v) Members of the Planning Commission