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UPSC 1996: The Eighth Five-Year Plan is different from the earlier ones. The critical difference lies in the fact that
(a)it has a considerably larger outlay compared to the earlier plans
(b)it has a major thrust on agricultural and rural development
(c)considerable emphasis is placed on infrastructure growth
(d)industrial licensing has been abolished
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Not attemptedCorrect Answer: (d) industrial licensing has been abolished
Unlike earlier plans, the 8th Plan began after the 1991 New Industrial Policy which virtually scrapped the industrial licensing system (retaining it for only a handful of strategic industries). Abolition of Licence-Raj was its defining departure, whereas larger outlays, farm thrusts or infrastructure pushes were not unique to it. ([millenniumpost.in](https://www.millenniumpost.in/sundaypost/insight/growing-by-degrees-520917?utm_source=openai))
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Frequently Asked Questions
What is the correct answer to this UPSC 1996 Indian Economy question?▼
The correct answer is option (d): industrial licensing has been abolished. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this Economic Planning & Five-Year Plans question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 1996, GS Paper 1, as Question 56. It falls under Indian Economy > Economic Planning & Five-Year Plans.
What is the difficulty level of this UPSC question?▼
This question is rated "moderate". It requires sound conceptual understanding of the topic.
How many UPSC Prelims questions have been asked from Economic Planning & Five-Year Plans?▼
UPSC has asked 19 questions from Economic Planning & Five-Year Plans (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.