Which Five-Year Plan was based on the Gadgil formula, focusing on growth with stability and progress towards self-reliance?
Answer and explanation
Correct answer: A. Fourth Five-Year Plan (1969-1974)
- Step 1: The plans introduced innovations like the Gadgil formula in 1969 for transparent resource allocation to states. Answer: Fourth Five-Year Plan (1969-1974). The Fourth Plan was based on the Gadgil formula focusing on growth with stability and progress towards self reliance. Why not the others: First Five-Year Plan (1951-1956), Second Five-Year Plan (1956-1961) and Fifth Five-Year Plan (1974-1979) don't fit.
Practise more Five-Year Plans and Economic Planning in India.
Free questions with an explanation for every one, and full timed General Knowledge (India) mock tests.
More Five-Year Plans and Economic Planning in India questions
- On which economic growth model was India's First Five-Year Plan (1951-1956), which focused on the development of agriculture and irrigation…
- Which statistician's model did the Second Five-Year Plan follow?
- With help from which countries were the steel plants at Bhilai, Durgapur and Rourkela established, respectively?
- What did the government declare for the three years from 1966 to 1969 after the failure of the Third Plan, drawing three annual plans instea…
- Which Five-Year Plan (1974-1978) emphasised poverty alleviation under the Garibi Hatao slogan?
- Which body was formed on 1 January 2015 to replace the Planning Commission and serves as the apex public policy think tank of the Government…