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UPSC 2019: 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
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Not attemptedCorrect Answer: (a) 1 and 2 only
The 2nd Plan (Mahalanobis model) explicitly pushed import-substitution industrialisation focused on basic and capital-goods industries, so statement 1 is correct. The 4th Plan included a distributive goal to check concentration of wealth and economic power, so statement 2 is also correct. The financial-sector component was not brought in as an integral reform area until the 8th Plan (1992-97); hence statement 3 is incorrect. Therefore, only statements 1 and 2 are correct (option a). ([edukemy.com](https://edukemy.com/blog/upsc-prelims-2019-question-70/?utm_source=openai))
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Frequently Asked Questions
What is the correct answer to this UPSC 2019 Indian Economy question?▼
The correct answer is option (a): 1 and 2 only. 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 2019, GS Paper 1, as Question 70. 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.