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.
Options
(a)1 and 2 only
(b)2 only
(c)3 only
(d)1, 2 and 3
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Class 11Indian Economy 1950–1990— NCERT Economics, Chapter 2. Independent India chose a mixed economy: a socialist outlook with a strong public sector, but with private property and democracy. The Planning Commission (1950…
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