The correct answer is: a) Five-Year Plans of India.
Meghalaya is a state in India that follows the Five-Year Plans of India. The Five-Year Plans are a series of economic development plans implemented by the Government of India since 1951. The plans are designed to promote economic growth and development in the country. The first Five-Year Plan was implemented from 1951 to 1956, and the 12th Five-Year Plan is currently being implemented from 2012 to 2017.
The Five-Year Plans are prepared by the Planning Commission of India, which is a government body responsible for planning and coordinating economic development in the country. The plans are based on the recommendations of the National Development Council, which is a body of ministers from the central government and the state governments.
The Five-Year Plans are implemented by the central government and the state governments. The central government provides financial assistance to the state governments for implementing the plans. The state governments are responsible for implementing the plans at the state level.
The Five-Year Plans have been successful in promoting economic growth and development in India. The country has achieved a high rate of economic growth in recent years. The poverty rate has also declined significantly. However, there are still many challenges that need to be addressed, such as unemployment, inequality, and environmental degradation.
The other options are incorrect because:
- Option b) is incorrect because Meghalaya does not have its own state-specific plans. The Five-Year Plans are implemented in all states of India.
- Option c) is incorrect because Meghalaya does not follow a Soviet-style centralized planning system. The Five-Year Plans are a form of indicative planning, which is a less centralized planning system than the Soviet-style centralized planning system.
- Option d) is incorrect because Meghalaya does not have a free-market economy with no planning. The Five-Year Plans are a form of economic planning, which is a government intervention in the economy.