Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Poverty

Question:

Match the following:

1. First five-year plan A 1961-66
2. Second five-year plan B The benefits of economic development must accrue more and more to the relatively less privileged classes of society
3. Third five-year plan C Even with expanded employment opportunities, the poor will not be able to buy for themselves all the essential goods and services
4. Fifth five-year plan D The urge to bring economic and social change under present conditions comes from the fact of poverty and inequalities in income, wealth and opportunity

 

Options:

1-A, 2-B, 3-D, 4-C

1-D, 2-B, 3-C, 4-A

1-D, 2-B, 3-A, 4-C

1-A, 2-B, 3-C, 4-D

Correct Answer:

1-D, 2-B, 3-A, 4-C

Explanation:

The correct answer is Option 3: 1-D, 2-B, 3-A, 4-C

1. First five-year plan D. The urge to bring economic and social change under present conditions comes from the fact of poverty and inequalities in income, wealth and opportunity.
2. Second five-year plan B. The benefits of economic development must accrue more and more to the relatively less privileged classes of society
3. Third five-year plan A.  1961-66
4. Fifth five-year plan C. Even with expanded employment opportunities, the poor will not be able to buy for themselves all the essential goods and services.

To quote the First Five Year Plan (1951-56), “the urge to bring economic and social change under present conditions comes from the fact of poverty and inequalities in income, wealth and opportunity”.

The Second Five Year Plan (1956-61) also pointed out that “the benefits of economic development must accrue more and more to the relatively less privileged classes of society” While looking for alternatives to specifically address the poor, policy makers started thinking that incomes and employment for the poor could be raised through the creation of additional assets and by means of work generation. This could be achieved through specific poverty alleviation programmes. 

Third Five Year Plan (1961-66)

Fifth Five Year Plan says , “even with expanded employment opportunities, the poor will not be able to buy for themselves all the essential goods and services. They have to be supplemented up to at least certain minimum standards by social consumption and investment in the form of essential food grains, education, health, nutrition, drinking water, housing, communications and electricity.”