WBCS.LIVE practice question

The period specifically between 1990 and 1992 in Indian economic planning is officially marked by:

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. A complete Plan Holiday
  2. Two separate Annual Plans
  3. A Rolling Plan
  4. The extension of the Seventh Five-Year Plan

Correct answer and explanation

Correct answer: Two separate Annual Plans

Explanation: āœ… Correct Answer: B) Two separate Annual Plans šŸ“š Explanation: The period between 1990 and 1992 in India's economic history is officially marked by the implementation of two distinct Annual Plans. The scheduled Eighth Five-Year Plan could not be launched on time due to severe political instability at the center and a catastrophic balance of payments crisis. The five-year planning process was formally resumed in 1992 after the implementation of the historic LPG reforms.