The plan holiday in Indian planning was declared after the failure of which Five Year Plan?
- A.Second Plan
- B.Third Plan
- C.Fourth Plan
- D.Fifth Plan
Correct answer
Explanation
The correct answer is B, the Third Plan. The plan of 1961 to 1966 was overwhelmed by the war with China in 1962, the war with Pakistan in 1965 and a severe drought, so instead of a new five year plan the government ran three annual plans from 1966 to 1969, a stretch called the plan holiday.
Option A, the Second Plan, ran its course from 1956 to 1961 and laid the base of heavy industry, despite a foreign exchange crisis. Option C, the Fourth Plan, is the one that began in 1969 after the holiday ended, so it is the result rather than the cause. Option D, the Fifth Plan, was ended a year early in 1978 by a new government and was followed by a rolling plan, which is a different break and a frequent source of confusion.
Read the full article: Planning in India and NITI Aayog: Plans, Models and Bodies
Practice Questions
View allThe Planning Commission of India was set up in which year?
- A.1947
- B.1950
- C.1952
- D.1956
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The Planning Commission was constituted on 15 March 1950 by a resolution of the Union Cabinet, with the Prime Minister as its chairman, and it drafted every Five Year Plan until it was replaced in 2015.
Read the full explanation →NITI Aayog came into existence on which date?
- A.1 January 2015
- B.15 March 2014
- C.1 April 2016
- D.26 January 2015
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On that date a cabinet resolution created the National Institution for Transforming India in place of the Planning Commission, keeping the Prime Minister as the head of the new body but changing its work from allocating funds to advising governments.
Read the full explanation →The Second Five Year Plan of India was based on the model given by
- A.P. C. Mahalanobis
- B.Harrod and Domar
- C.M. Visvesvaraya
- D.V. K. R. V. Rao
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The statistician who founded the Indian Statistical Institute gave the Second Plan its framework, in which investment was directed towards heavy and basic industries such as steel, machinery and power on the argument that they would build the capacity to produce everything else.
Read the full explanation →The slogan Garibi Hatao, the removal of poverty, is associated with which Five Year Plan?
- A.Third Plan
- B.Fourth Plan
- C.Fifth Plan
- D.Sixth Plan
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Running from 1974 to 1979, it took the removal of poverty and the attainment of self-reliance as its twin objectives, and it is remembered by the slogan Garibi Hatao.
Read the full explanation →Who is the chairperson of NITI Aayog?
- A.The President of India
- B.The Prime Minister of India
- C.The Union Finance Minister
- D.The Governor of the Reserve Bank of India
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The office of Prime Minister carries the chairmanship of NITI Aayog, exactly as it carried the chairmanship of the Planning Commission before 2015 and as it carries the chairmanship of the Governing Council and of the National Development Council.
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