2016 · Q57
Which one of the Five Year Plans had a high priority to bring inflation under control and to achieve stability in the economic situation?
General KnowledgeIndian Economy
- AFourth Plan (1969-74)
- BFifth Plan (1974-79)
- CSixth Plan (1980-85)
- DSeventh Plan (1985-90)
Explanation
The Fifth Five Year Plan (1974-79) was formulated in the aftermath of the 1973 oil crisis and severe inflation, and it gave high priority to bringing inflation under control and achieving stability in the economic situation, alongside its 'Garibi Hatao' poverty-removal objective. The Fourth Plan emphasised growth with stability and self-reliance, while the Sixth and Seventh Plans had different thrusts (poverty removal with growth, and modernisation respectively). The plan described is the Fifth Plan, option (B).