WBCS.LIVE practice question
Which specific period is officially referred to as the 'Plan Holiday' in the history of the Indian economy?
Solve this multiple-choice question and check the correct answer with its explanation below.
Answer options
Correct answer and explanation
Correct answer: 1966 to 1969
Explanation: ā Correct Answer: A) 1966 to 1969 š Explanation: The period from 1966 to 1969 is officially designated as the 'Plan Holiday' in India's economic planning history. Following the severe economic disruptions caused by the Indo-Pak war of 1965 and consecutive severe droughts, the government could not launch the Fourth Five-Year Plan. Instead, three distinct annual plans were implemented during this financially stressed period to stabilize the economy.