Question

With reference to India's Five-Year Plans, which of the following statements is/are correct?

1. From the Second Five-Year Plan, there was a determined thrust towards substitution of basic and capital good industries.
2. The Fourth Five-Year Plan adopted the objective of correcting the earlier trend of increased concentration of wealth and economic power.
3. In the Fifth Five-Year Plan, for the first time, the financial sector was included as an integral part of the Plan.

Select the correct answer using the code given below.

• A. 1 and 2 only
• B. 2 only
• C. 3 only
• D. 1, 2 and 3

Answer 1

The correct option is A 1 and 2 only

The financial sector was included as an integral part of Plan from the 4th FYP - where 14 banks were Nationalised