Question

State whether the following statements are true or false.

1. There is no need of economic planning in India.

2. The Ninth Five-Year Plan aimed at growth with justice and equality.

Answer 1

1. This statement is false.
Explanation-
After independence, India faced various economic and social problems, such as poverty, poor agricultural productivity, food scarcity, illiteracy and unemployment. To tackle these problems, economic planning became a necessity. India is a developing country and still faces many socio-economic problems that can only be solved through economic planning.

2. This statement is true.
Explanation-
The Ninth Five-Year was formulated for the period 1997-2002. The main objective of this plan was social justice and equality.