{"id":91690,"date":"2025-06-01T11:02:42","date_gmt":"2025-06-01T11:02:42","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=91690"},"modified":"2025-06-01T11:02:42","modified_gmt":"2025-06-01T11:02:42","slug":"with-reference-to-indias-five-year-plans-which-of-the-following-stat","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-indias-five-year-plans-which-of-the-following-stat\/","title":{"rendered":"With reference to India&#8217;s Five-Year Plans, which of the following stat"},"content":{"rendered":"<p>With reference to India&#8217;s Five-Year Plans, which of the following statements is\/are correct?<\/p>\n<ul>\n<li>1. From the Second Five-Year Plan, there was a determined thrust towards substitution of basic and capital good industries.<\/li>\n<li>2. The Fourth Five-Year Plan adopted the objective of correcting the earlier trend of increased concentration of wealth and economic power.<\/li>\n<li>3. In the Fifth Five-Year Plan, for the first time, the financial sector was included as an integral part of the Plan.<\/li>\n<\/ul>\n<p>Select the correct answer using the code given below.<\/p>\n<p>[amp_mcq option1=&#8221;1 and 2 only&#8221; option2=&#8221;2 only&#8221; option3=&#8221;3 only&#8221; option4=&#8221;1, 2 and 3&#8243; correct=&#8221;option1&#8243;]<\/p>\n<div class=\"psc-box-pyq-exam-year-detail\">\n<div class=\"pyq-exam\">\n<div class=\"psc-heading\">This question was previously asked in<\/div>\n<div class=\"psc-title line-ellipsis\">UPSC IAS &#8211; 2019<\/div>\n<\/div>\n<div class=\"pyq-exam-psc-buttons\"><a href=\"\/pyq\/pyq-upsc-ias-2019.pdf\" target=\"_blank\" class=\"psc-pdf-button\" rel=\"noopener\">Download PDF<\/a><a href=\"\/pyq-upsc-ias-2019\" target=\"_blank\" class=\"psc-attempt-button\" rel=\"noopener\">Attempt Online<\/a><\/div>\n<\/div>\n<section id=\"pyq-correct-answer\">\nStatement 1: The Second Five-Year Plan (1956-61), based on the Mahalanobis model, laid a strong emphasis on rapid industrialization with a focus on heavy and basic industries and capital goods. This was a deliberate strategy to reduce India&#8217;s dependence on imports for these critical items and build a self-reliant industrial base, which is essentially import substitution. Thus, Statement 1 is correct.<br \/>\nStatement 2: The Fourth Five-Year Plan (1969-74) had objectives that included &#8216;Growth with Stability&#8217; and &#8216;Progressive achievement of Self-Reliance&#8217;. It explicitly aimed at promoting social justice and equality, including reducing the concentration of wealth and economic power, and achieving a more equitable distribution of income. Policies like the nationalization of major banks (1969) and anti-monopoly legislation were aligned with this objective. Thus, Statement 2 is correct.<br \/>\nStatement 3: While the Five-Year Plans always involved planning for resource mobilization, including through the financial system, the statement that the financial sector was included as an integral part of the plan &#8220;for the first time&#8221; in the Fifth Five-Year Plan (1974-79) is not entirely accurate. Planning for credit allocation to priority sectors and the role of public sector banks in resource mobilization were features of plans from the Second Plan onwards. The significant structural integration and reform of the financial sector as a distinct policy area within the Five-Year Plans became more prominent in the post-reform era, especially from the Eighth Plan onwards. The Fifth Plan focused primarily on poverty eradication and self-reliance amidst economic challenges. Therefore, Statement 3 is incorrect.<br \/>\n<\/section>\n<section id=\"pyq-key-points\">\nThe Second and Fourth Five-Year Plans focused on heavy industry\/import substitution and reducing economic concentration respectively. The claim about the financial sector&#8217;s integration in the Fifth Plan &#8220;for the first time&#8221; is inaccurate compared to later plans.<br \/>\n<\/section>\n<section id=\"pyq-additional-information\">\nIndia&#8217;s Five-Year Plans were the backbone of its economic planning from 1951 to 2014. Each plan had specific objectives reflecting the priorities of the time. The focus shifted over different plans, from agriculture and community development (First) to heavy industry (Second), self-reliance (Third onwards), poverty eradication (Fifth), liberalization and economic reforms (Eighth onwards), etc.<br \/>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>With reference to India&#8217;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 &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"With reference to India&#8217;s Five-Year Plans, which of the following stat\" class=\"read-more button\" href=\"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-indias-five-year-plans-which-of-the-following-stat\/#more-91690\">Detailed Solution<span class=\"screen-reader-text\">With reference to India&#8217;s Five-Year Plans, which of the following stat<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1092],"tags":[1119,1120,1121],"class_list":["post-91690","post","type-post","status-publish","format-standard","hentry","category-upsc-ias","tag-1119","tag-economic-development","tag-planning","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>With reference to India&#039;s Five-Year Plans, which of the following stat<\/title>\n<meta name=\"description\" content=\"Statement 1: The Second Five-Year Plan (1956-61), based on the Mahalanobis model, laid a strong emphasis on rapid industrialization with a focus on heavy and basic industries and capital goods. This was a deliberate strategy to reduce India&#039;s dependence on imports for these critical items and build a self-reliant industrial base, which is essentially import substitution. Thus, Statement 1 is correct. Statement 2: The Fourth Five-Year Plan (1969-74) had objectives that included &#039;Growth with Stability&#039; and &#039;Progressive achievement of Self-Reliance&#039;. It explicitly aimed at promoting social justice and equality, including reducing the concentration of wealth and economic power, and achieving a more equitable distribution of income. Policies like the nationalization of major banks (1969) and anti-monopoly legislation were aligned with this objective. Thus, Statement 2 is correct. Statement 3: While the Five-Year Plans always involved planning for resource mobilization, including through the financial system, the statement that the financial sector was included as an integral part of the plan &quot;for the first time&quot; in the Fifth Five-Year Plan (1974-79) is not entirely accurate. Planning for credit allocation to priority sectors and the role of public sector banks in resource mobilization were features of plans from the Second Plan onwards. The significant structural integration and reform of the financial sector as a distinct policy area within the Five-Year Plans became more prominent in the post-reform era, especially from the Eighth Plan onwards. The Fifth Plan focused primarily on poverty eradication and self-reliance amidst economic challenges. Therefore, Statement 3 is incorrect. The Second and Fourth Five-Year Plans focused on heavy industry\/import substitution and reducing economic concentration respectively. The claim about the financial sector&#039;s integration in the Fifth Plan &quot;for the first time&quot; is inaccurate compared to later plans.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-indias-five-year-plans-which-of-the-following-stat\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"With reference to India&#039;s Five-Year Plans, which of the following stat\" \/>\n<meta property=\"og:description\" content=\"Statement 1: The Second Five-Year Plan (1956-61), based on the Mahalanobis model, laid a strong emphasis on rapid industrialization with a focus on heavy and basic industries and capital goods. This was a deliberate strategy to reduce India&#039;s dependence on imports for these critical items and build a self-reliant industrial base, which is essentially import substitution. Thus, Statement 1 is correct. Statement 2: The Fourth Five-Year Plan (1969-74) had objectives that included &#039;Growth with Stability&#039; and &#039;Progressive achievement of Self-Reliance&#039;. It explicitly aimed at promoting social justice and equality, including reducing the concentration of wealth and economic power, and achieving a more equitable distribution of income. Policies like the nationalization of major banks (1969) and anti-monopoly legislation were aligned with this objective. Thus, Statement 2 is correct. Statement 3: While the Five-Year Plans always involved planning for resource mobilization, including through the financial system, the statement that the financial sector was included as an integral part of the plan &quot;for the first time&quot; in the Fifth Five-Year Plan (1974-79) is not entirely accurate. Planning for credit allocation to priority sectors and the role of public sector banks in resource mobilization were features of plans from the Second Plan onwards. The significant structural integration and reform of the financial sector as a distinct policy area within the Five-Year Plans became more prominent in the post-reform era, especially from the Eighth Plan onwards. The Fifth Plan focused primarily on poverty eradication and self-reliance amidst economic challenges. Therefore, Statement 3 is incorrect. The Second and Fourth Five-Year Plans focused on heavy industry\/import substitution and reducing economic concentration respectively. The claim about the financial sector&#039;s integration in the Fifth Plan &quot;for the first time&quot; is inaccurate compared to later plans.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-indias-five-year-plans-which-of-the-following-stat\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-01T11:02:42+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"With reference to India's Five-Year Plans, which of the following stat","description":"Statement 1: The Second Five-Year Plan (1956-61), based on the Mahalanobis model, laid a strong emphasis on rapid industrialization with a focus on heavy and basic industries and capital goods. This was a deliberate strategy to reduce India's dependence on imports for these critical items and build a self-reliant industrial base, which is essentially import substitution. Thus, Statement 1 is correct. Statement 2: The Fourth Five-Year Plan (1969-74) had objectives that included 'Growth with Stability' and 'Progressive achievement of Self-Reliance'. It explicitly aimed at promoting social justice and equality, including reducing the concentration of wealth and economic power, and achieving a more equitable distribution of income. Policies like the nationalization of major banks (1969) and anti-monopoly legislation were aligned with this objective. Thus, Statement 2 is correct. Statement 3: While the Five-Year Plans always involved planning for resource mobilization, including through the financial system, the statement that the financial sector was included as an integral part of the plan \"for the first time\" in the Fifth Five-Year Plan (1974-79) is not entirely accurate. Planning for credit allocation to priority sectors and the role of public sector banks in resource mobilization were features of plans from the Second Plan onwards. The significant structural integration and reform of the financial sector as a distinct policy area within the Five-Year Plans became more prominent in the post-reform era, especially from the Eighth Plan onwards. The Fifth Plan focused primarily on poverty eradication and self-reliance amidst economic challenges. Therefore, Statement 3 is incorrect. The Second and Fourth Five-Year Plans focused on heavy industry\/import substitution and reducing economic concentration respectively. The claim about the financial sector's integration in the Fifth Plan \"for the first time\" is inaccurate compared to later plans.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-indias-five-year-plans-which-of-the-following-stat\/","og_locale":"en_US","og_type":"article","og_title":"With reference to India's Five-Year Plans, which of the following stat","og_description":"Statement 1: The Second Five-Year Plan (1956-61), based on the Mahalanobis model, laid a strong emphasis on rapid industrialization with a focus on heavy and basic industries and capital goods. This was a deliberate strategy to reduce India's dependence on imports for these critical items and build a self-reliant industrial base, which is essentially import substitution. Thus, Statement 1 is correct. Statement 2: The Fourth Five-Year Plan (1969-74) had objectives that included 'Growth with Stability' and 'Progressive achievement of Self-Reliance'. It explicitly aimed at promoting social justice and equality, including reducing the concentration of wealth and economic power, and achieving a more equitable distribution of income. Policies like the nationalization of major banks (1969) and anti-monopoly legislation were aligned with this objective. Thus, Statement 2 is correct. Statement 3: While the Five-Year Plans always involved planning for resource mobilization, including through the financial system, the statement that the financial sector was included as an integral part of the plan \"for the first time\" in the Fifth Five-Year Plan (1974-79) is not entirely accurate. Planning for credit allocation to priority sectors and the role of public sector banks in resource mobilization were features of plans from the Second Plan onwards. The significant structural integration and reform of the financial sector as a distinct policy area within the Five-Year Plans became more prominent in the post-reform era, especially from the Eighth Plan onwards. The Fifth Plan focused primarily on poverty eradication and self-reliance amidst economic challenges. Therefore, Statement 3 is incorrect. The Second and Fourth Five-Year Plans focused on heavy industry\/import substitution and reducing economic concentration respectively. The claim about the financial sector's integration in the Fifth Plan \"for the first time\" is inaccurate compared to later plans.","og_url":"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-indias-five-year-plans-which-of-the-following-stat\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2025-06-01T11:02:42+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-indias-five-year-plans-which-of-the-following-stat\/","url":"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-indias-five-year-plans-which-of-the-following-stat\/","name":"With reference to India's Five-Year Plans, which of the following stat","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2025-06-01T11:02:42+00:00","dateModified":"2025-06-01T11:02:42+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"description":"Statement 1: The Second Five-Year Plan (1956-61), based on the Mahalanobis model, laid a strong emphasis on rapid industrialization with a focus on heavy and basic industries and capital goods. This was a deliberate strategy to reduce India's dependence on imports for these critical items and build a self-reliant industrial base, which is essentially import substitution. Thus, Statement 1 is correct. Statement 2: The Fourth Five-Year Plan (1969-74) had objectives that included 'Growth with Stability' and 'Progressive achievement of Self-Reliance'. It explicitly aimed at promoting social justice and equality, including reducing the concentration of wealth and economic power, and achieving a more equitable distribution of income. Policies like the nationalization of major banks (1969) and anti-monopoly legislation were aligned with this objective. Thus, Statement 2 is correct. Statement 3: While the Five-Year Plans always involved planning for resource mobilization, including through the financial system, the statement that the financial sector was included as an integral part of the plan \"for the first time\" in the Fifth Five-Year Plan (1974-79) is not entirely accurate. Planning for credit allocation to priority sectors and the role of public sector banks in resource mobilization were features of plans from the Second Plan onwards. The significant structural integration and reform of the financial sector as a distinct policy area within the Five-Year Plans became more prominent in the post-reform era, especially from the Eighth Plan onwards. The Fifth Plan focused primarily on poverty eradication and self-reliance amidst economic challenges. Therefore, Statement 3 is incorrect. The Second and Fourth Five-Year Plans focused on heavy industry\/import substitution and reducing economic concentration respectively. The claim about the financial sector's integration in the Fifth Plan \"for the first time\" is inaccurate compared to later plans.","breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-indias-five-year-plans-which-of-the-following-stat\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-indias-five-year-plans-which-of-the-following-stat\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-indias-five-year-plans-which-of-the-following-stat\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"UPSC IAS","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/upsc-ias\/"},{"@type":"ListItem","position":3,"name":"With reference to India&#8217;s Five-Year Plans, which of the following stat"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/91690","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=91690"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/91690\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=91690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=91690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=91690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}