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Question

Match the pair
Group 'A' Group 'B'
1. Formulation of economic planning a) 2002-07
2. Annual Plans b) Planning Commission
3. 10th Five-Year Plan c) 1966-69

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Solution

The items in the two groups can be correctly matched as follows.
Group A Group B
1. Economic Planning a) Planning Commission
2. Annual Plans b) 1966-69
3. 10th Five-Year Plan c) 2002-07

1. Formulation of economic plans - Planning Commission
Explanation-
The Planning Commission is responsible for the formulation of economic plans in India. It consists of experts from all fields with the Prime Minister as the ex-officio chairman of this commission.

2. Annual Plans - 1966-69
Explanation-
From 1966 to 1999, the Planning Commission was not able to formulate a five-year plan due to the failure of the 3rd Five-Year Plan and the agricultural crisis in India. Therefore, the annual plans were implemented during this period.

3. 10th Five Year Plan - 2002-07
Explanation-
The 10th Five-Year Plan was formulated for the period 1 April, 2002 to 31 March, 2007. Some of the important objectives of this five-year plan included average growth rate of 8% of GDP, increased flexibility in fiscal and monetary policies and reduction in inter-regional imbalances.

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