KAS Online Class - Economy and Planning Class 5

Economy and Planning Class 5 Discussion of five year plans before reforms from 1951 to 1990

Kerala Administrative Service (KAS) Online Class Five Year Plans before reforms. ( 1951 - 1990).
First Five Year Plan, Second Five year Plan, Third five year plan, Fourth five year plan, fifth five year plan, sixth five year plan and seventh five year plan

Five Year Plans

Before Reforms (1951 to 1990)

Sixth Five Year Plan (1980-85)

•  Growth rate was low as 3.5% up to 1980s
•  First attempt to Economic Liberalization and minimizing price controls
•  Ration shops were closed This led to an increase in food prices and an increase in the cost of living
•  This was the end of Nehruvian socialism

Seventh Five Year Plan (1985-90)

•  Hindu Growth Rate - The Hindu rate of growth is a term referring to the low annual growth rate of the economy of India before the liberalizations of 1991, which stagnated around 3.5% from 1950s to 1980s

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Questions and Answers

• [accordion]
• 1. Which of the following is incorrectly matched?
• i) First plan – Jawaharlal Nehru
  ii) Fourth plan – Moralji Desai
  iii) Seventh plan – Rajiv Gandhi
  
  A) ii only
  B) ii and iii
  C) iii only
  D) none
• Answer
• A

• [accordion]
• 2. Match the following
• i) Second plan  1. Alleviation of poverty
  ii) Third plan 2. Industrialization
  iii) Fourth plan 3. Growth and stability
  iv) Fifth plan 4. Self reliance
  
  A) i-1  ii-3  iii-2  iv-4
  B) i-3  ii-2  iii-4  iv-1
  C) i-2  ii-4  iii-3  iv-1
  D) i-4  ii-3  iii-2  iv-1
• Answer
• C

• [accordion]
• 3. Which of the following is not a feature of fourth five year plan?
• A) Nationalization of banks
  B) Green revolution
  C) Nuclear test at Pokhran
  D) Minimum needs programme
• Answer
• D

• [accordion]
• 4. How many banks were nationalized in 1969?
• A) 12
  B) 14
  C) 8
  D) 16
• Answer
• B

• [accordion]
• 5. Which among the following were the main objectives of the fifth five year plan?
• i) Removal of poverty
  ii) Attainment of self reliance
  iii) Family planning programmes
  iv) Nationalisation of banks
  
  A) i and ii
  B) i, ii and iii
  C) iii and iv
  D) ii, iii and iv
• Answer
• A

• [accordion]
• 6. Twenty point programme was launched in
• A) 1974
  B) 1978
  C) 1975
  D) 1989
• Answer
• C

• [accordion]
• 7. Which of the following are the correct reasons due to which the third five year plan could not attain its targeted growth rate?
• i) Indo China war
  ii) Economic liberalization
  iii) Closure of ration shops
  iv) Drought of 1965
  
  A) all the above
  B) i, ii and iii
  C) ii and iii
  D) I and iv
• Answer
• D

• [accordion]
• 8. Consider the following statements
• i) The plan focused on rapid industrialization.
  ii) 5 Indian Institute of Technologies were set up
  iii) Atomic energy commission was formed
  iv) It was moderately successful
  
  Which of the statements are correct regarding the second five year plan?
  
  A) i, ii and iii
  B) ii, iii and iv
  C) i, iii and iv
  D) i, ii, iii and iv
• Answer
• C

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