Five Year plans in Indian Economy

Five Year plans in Indian Economy
Mixed Economy - Both the Private sector and public sector
There are three types of sectors:

Primary sector, includes agriculture, forests, fishing and mining, Secondary Sector includes the activities like industrial activities in which natural products are changed turns into forms through ways of manufacturing that we associate with this type of sector and the third type of sector is Tertiary sector, it includes activities related to primary and secondary sector such as banking, insurance, trade and commerce IT, communications and so on.

NDC - National Development Council

In which year planning commission was set up/established - 15th March, 1950

WTO  - world trade organisation, it is also known as Watch Dog for International Trade
In which year WTO was established - 1995
First plan (five year planning growth) from the year 1951 to 1956 - 3.6%
In which year First plan draft was prepared for India and by whom - 1934 & M. Visveswaraya
Bombay plan - 1943
Gandhian plan - 1944
People's plan - 1945
NDC- 1952
Sarvodaya plan - 1950 (prepared by Jayaprakash Narayan)

In First five year plan, highest priority given to agriculture sector and in this plan rivers such as Bakranangal, Hirakud, Damodar and Nagarjuna sagar project were initiated.

Mahalanobis-Nehru model also know  as second Five year plan during 1956-61, in this plan more priority given to industrial sectors so it was enable to bring Bhilai steel(MP), Rourkela Steel plant in Orissa, Durgapur steel plant in West Bengal and also Integral Coach Factory at Perumbur in Tamilnadu.

3rd Five year plan - unsuccessful plan

4th Five year Plan is related to self reliance, employment, make sure to providing primary needs to the people, this plan is also know as Gadgil Plan and this plan was started in the year of 1969-74

5th Five year plan - 1974-79: reducing the poverty rate and this was introduced by Indira Gandhi-20 points programme also in this plan.

6th Five year plan - 1980-85: removal of poverty.

7th Five year plan - 1985-90 (Rajeev growth plan) and Many changes were brought by Sam Pitroda in IndIan Telecom sector.
Plan break - 1990 to 1992

8th Five year plan 1992 to 97- education, health and Nutrition

9th Five year plan - 1997 to 2002 - rural development and empowerment of women.

10th Five year plan (2002 - 2007) - this plan focused on Regional approach than sectoral approach

11th Five year plan - 2007 - 2012 : GDP growth, improvement of governance.

12th Five year plan during 2012 to 2017 - growth rate at 8.2%

Economy

Economy
  • Who is the author of the book Planned Economy for India- M. Visveswaraya
  • What is the term that differentiate the nation's import of goods and it's export- Balance of Trade
  • NSO - National Statistical Organisation
  • Paper currency in India was first introduced in - 1886 AD
  • Which dimensions are incorporated in the school mapping- Norms, Spatial and Demographic
  • Who is estimated India's N.I for the year 1867 - 68 - Dada Bai Nauroji
  • It refers to that portion of banker's total cash reserves, which they are statutorily required to hold with RBI - CASH RESERVE RATIO  (CRR)
  • Human Development Index - HDI
  • Sector of Indian Economy which is the second largest provider of employment after agriculture- service sector
  • Poverty line on the basis of nutritional standard was defined during- 6th five year plan
  • NSE 50 was founded on recommendation of - Ferwani Committee
  • HDI - to treat men, women & children - present & future generations-as ends, to improve the human conditions to enlarge people's choices
  • Who is the author of the book "The Accumulation of Capital" - Mrs. Joan Robinson
  • During which five year plan, the planning commission had fixed the target of 4% rate of growth in agriculture- Eleventh plan
  • The world bank in its world development report classified the various countries on the basis of - Gross National Income
  • The lowering of the official value of the local in terms of foreign currency or gold, is called as - Devaluation
  • Which sector of Indian Economy is related to business, transport, communication and services - Tertiary sector
  • Which five year plan is called as Godgil Yojana Strategy- Third Five Year Plan (1961-66)
  • Mention an objective of Rashtriya Madhyamik Shiksha Abhiyan - Removing Gender Gaps

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