|What do you understand by Plan Holiday:|
|1. It refers to the suspension of the five year plan due to some unforeseen circumstances.|
|2. Annual plans are prepared during the plan holiday. Choose the correct one:|
A) Only 1
B) Only 2
C) Both 1 and 2
D) neither 1 nor 2
Correct Answer: C
Solution :[c] Due to miserable failure of the Third Plan the government was forced to declare "plan holidays" (from 1966-67, 1967-68, and 1968-69). Three annual plans were drawn during this intervening period. During 1966-67 there was again the problem of drought. Equal priority was given to agriculture, its allied activities, and industrial sector. The main reasons for plan holidays were the war, lack of resources, and increase in inflation.
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