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Consider the following statements:
(1) Indo-china war had hampered the proper progress and implementation of Fourth Five Year Plan in India.
(2) In the Indian Economy, the plan Holiday took place during 1966 to 1969
Which of the statements given above is/are correct?
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- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
Correct Option: B
Despite big investments during the first three Planes the living standards of the poor could not be raised and poverty and inequity in distributions of state resources remained stark. Consequently, the period between 1966 and 1969 marked the shift from a ‘growth approach’ to a ‘distribution form growth approach.’ Looking at the failures and pitfalls the planners suspended the impending Fourht Plan, which was due in 1966, until 1969 for a revision of objectives and targets. This was called as the ‘Plan Holiday” extending from 1 April 1966 to 31 March 1969.
