The economy of India had undergone signifcant policy shifts in the beginning of the 1990s. This new model of econimic reforms is commonly known as the LPG or Liberalization, Privatization and Globalization model. LPG model of economic development in India was proposed by Dr. Manmohan Singh, economist and finance minister at that time.

Correct Option: C

The economy of India had undergone signifcant policy shifts in the beginning of the 1990s. This new model of econimic reforms is commonly known as the LPG or Liberalization, Privatization and Globalization model. LPG model of economic development in India was proposed by Dr. Manmohan Singh, economist and finance minister at that time.

The main objective of the third-five year Plan was to make economy self-dependent. The third Five-Year Plan stressed on agriculture and importance of the Production of wheat so as to be self sufficient. Thus during the planned period the high yielding varieties programme (HYVP) was started in India to increase the yield of crops.

Correct Option: A

The main objective of the third-five year Plan was to make economy self-dependent. The third Five-Year Plan stressed on agriculture and importance of the Production of wheat so as to be self sufficient. Thus during the planned period the high yielding varieties programme (HYVP) was started in India to increase the yield of crops.

The Rolling plan concept in National Planning was introduced by the Janata Party government Fifth FYP was launched and planned for period 1974 - 79 but Janata government came in power in 1978 and ended the plan prematurely in 1978. The Janata government launched sixth FYP for period 1978 - 1983. Congress government when came in power in 1980 abandoned the sixth FYP and launched a new sixth FYP for period 1980 - 1985. The plan for period, 1978 - 80, is called the rolling plan.

Correct Option: B

The Rolling plan concept in National Planning was introduced by the Janata Party government Fifth FYP was launched and planned for period 1974 - 79 but Janata government came in power in 1978 and ended the plan prematurely in 1978. The Janata government launched sixth FYP for period 1978 - 1983. Congress government when came in power in 1980 abandoned the sixth FYP and launched a new sixth FYP for period 1980 - 1985. The plan for period, 1978 - 80, is called the rolling plan.

The Concurrent List or List-III is a list of 47 items given in Part XI of the Constitution of India, concerned with relations between the Union and States. Economic planning is specified in Concurrent list.

Correct Option: C

The Concurrent List or List-III is a list of 47 items given in Part XI of the Constitution of India, concerned with relations between the Union and States. Economic planning is specified in Concurrent list.

Despite big investments during the first three Plans, the Living standars of the poor could not be raised and poverty and inequity in distribution of state resources remained stark. Consequently, the period between 1966 and 1969 marked the shift from a 'growth approach' to a 'distribution from growth approach'. Looking at the failures and pitfalls the planners suspended the impending Fourth Plan, which was due in 1966, until 1969 for a revision of objectives and targets. This came to be called as the 'Plan Holiday' extending from 1 April 1966 to 31 March 1969.

Correct Option: B

Despite big investments during the first three Plans, the Living standars of the poor could not be raised and poverty and inequity in distribution of state resources remained stark. Consequently, the period between 1966 and 1969 marked the shift from a 'growth approach' to a 'distribution from growth approach'. Looking at the failures and pitfalls the planners suspended the impending Fourth Plan, which was due in 1966, until 1969 for a revision of objectives and targets. This came to be called as the 'Plan Holiday' extending from 1 April 1966 to 31 March 1969.