UPSC CSE Prelims
Question 92
With reference to India's Five-Year Plans, which of the following statements is/are correct?
- From the Second Five-Year Plan, there was a determined thrust towards substitution of basic and capital good industries.
- The Fourth Five-Year Plan adopted the objective of correcting the earlier trend of increased concentration of wealth and economic power.
- 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.
View correct answer and explanation
Correct answer: A
Correct Option: A
Explanation:
The Second Plan emphasised heavy and basic capital-goods industries under the Mahalanobis strategy. The Fourth Plan sought to curb concentration of economic power; the Fifth did not mark the first inclusion of the financial sector in planning.
Statement / Pair Analysis:
1 (Correct): The Second Five-Year Plan prioritised domestic capital-goods industries and import substitution.
2 (Correct): The Fourth Plan addressed concentration of wealth and economic power as a policy concern.
3 (Incorrect): Financial institutions and investment financing featured in earlier plans; they were not first included in the Fifth.
Option-wise Analysis:
A (Correct): Includes all and only the true statements/pairs.
B (Incorrect): It omits true item 1 (The Second Five-Year Plan prioritised domestic capital-goods industries and import substitution).
C (Incorrect): It includes false item 3 (Financial institutions and investment financing featured in earlier plans; they were not first…); omits true item 1 (The Second Five-Year Plan prioritised domestic capital-goods industries and import substitution); omits true item 2 (The Fourth Plan addressed concentration of wealth and economic power as a policy concern).
D (Incorrect): It includes false item 3 (Financial institutions and investment financing featured in earlier plans; they were not first…).