Q. Consider the following statement:
1. No Five Year Plan was made by The Government of India during the late 1960s.
2. Indo Pakistan conflict, drought and inflation erased the financial resources required for planning
Which of the following statements is/are correct?
Answer: C
Notes:
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.
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.
Source: ForumIAS
