UPSC Economics Poverty as a Challenge Question Bank Planning, Unemployment and Poverty in India

  • question_answer ) Consider the following statements regarding Indian planning.
    (1) The second five year plan emphasized on the establishment of heavy industries.
    (2) The third five year plan aimed to achieve self-
    (3) sufficiency in food grains and increase agricultural production to meet the requirements of industry and exports.
    Which of the statements given above is/are correct?

    A) 1 only              

    B)        2 only                 

    C)        Both 1 and 2

    D)        Neither 1 nor 2

    Correct Answer: C

    Solution :

    The Second Five Year Plan heralded in a true sense the Socialist Project of the then Prime Minister, Jawaharlal Nehru. The economic policies of Nehru were heavily influenced by the erstwhile Union of Soviet Socialist Republics (USSR) which had followed the path of speedy industrialisation to expand the manufacturing base of its economy.

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