SSC Economics Sample Paper NCERT Sample Paper-3

  • question_answer
    India had a plan holiday:

    A)  After the China-India War of 1962

    B)  After the drought of 1966

    C)  After the liberation of Bangladesh in 1971     

    D)  After the India-Pakistan War inl965         

    Correct Answer: B

    Solution :

    [b] The Indian Plans from 1951 to 1966 (from the commencement of the First Plan till the end of the Third Plan) proved to be over-ambitious and were visited by a number of problems and failures. The plans fell short of fulfilling the aspiration of the common masses. The Third Plan was mired by inflation, armed conflicts and droughts. The failure of this Plan led to an imbalance in the economy. Despite big investments during the three Plans the living standards of the poor could not be raised and poverty and inequity in distribution of state resources remained stark. Unemployment increased from 5.3 million in 1956 to about 9.6 million in 1966. Consequently, the period between 1966 and 1969 marked the shift from a 'growth approach' to a 'distribution from growth approach'. Looking at the failures and pitfalls the planners suspended the impending Fourth Plan, which was due in 1966 until 1969 for a revision of objectives and targets. This came to be called as the 'Plan Holiday' extending from 1 April 1966 to 31 March 1969. Three annual plans were drawn during this intervening period. During 1966-67 there was again the problem of drought. Equal priority was given to agriculture, its allied activities, and industrial sector. Reasons for Plan Holiday: Failure of the Third Five Year Plan, Crisis in agriculture, Serious food shortage.(war also could have added oil to this flame)

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