Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Poverty

Question:

Which of these statements are true-
a) The First Five Year Plan (1951-56), stated that the urge to bring economic and social change under present conditions, comes from the fact of poverty and inequalities in income, wealth and opportunity.
b) The Second Five Year Plan (1956-61) pointed out that, the benefits of economic development must accrue more and more to the relatively less privileged classes of society.

Options:

Both a and b are true

a is true, b is not

b is true, a is not

Both a and b are false

Correct Answer:

Both a and b are true

Explanation:

The First Five Year Plan (1951-56), stated that the urge to bring economic and social change under present conditions, comes from the fact of poverty and inequalities in income, wealth and opportunity. Whereas, the Second Five Year Plan (1956-61) pointed out that, the benefits of economic development must accrue more and more to the relatively less privileged classes of society.