Read the following two statements Assertion (A) and Reason (R) and choose the appropriate option.
Assertion (A): No Five Year Plan was made by the Government of India during the late 1960s.
Reason (R): Indo-Pakistan conflict, drought and inflation erased the financial resources required for planning.
Options
ABoth (A) and (R) are true and (R) is the correct explanation for (A).
BOnly (A) is true and (R) is false and (R) is not the correct explanation for (A).
COnly (R) is true and (A) is false.
DBoth (A) and (R) are false.
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Correct Answer
ABoth (A) and (R) are true and (R) is the correct explanation for (A).
Model Answer
In the late 1960s, from 1966 to 1969 there were no five-year plans launched because of which the period is known as Plan Holidays. Hence, assertion (A) is correct.
After the Sino-India (1962) war, the financial resources of India were stressed. The country was trying to cope with the aftermath of war.
But, the Indo-Pakistani (1965) war, destabilised the economy and erased most of the financial resources of the country and became the foremost reason behind no five-year plans in the late 1960s.
Here, reason (R) is correct.
Hence, option A is correct.
During this period, the government announced three annual plans.
Equal emphasis was given to agriculture and the industry sector.
The government declared devaluation of the rupee.
Third Five Year Plan (1961 to 1966)
This plan is also called ‘Gadgil Yojna’, after the Deputy Chairman of Planning Commission D.R. Gadgil.
The main target of this plan was to make the economy independent.
Table of the twelve Five Year Plans with tenure, goal and model, with the 1966-69 Planned Holidays, the 1978-80 Rolling Plan and the Annual Plans marked.
