Question : How did the suspension of the Five-year Plans impact India's approach to economic planning?
Option 1: It led to a shift towards a completely market-driven economy.
Option 2: It resulted in the adoption of ad-hoc annual plans.
Option 3: It initiated a move towards a socialist economy.
Option 4: It caused a permanent halt to economic planning.
Answer (1)
25th Jan, 2024
Correct Answer: It resulted in the adoption of ad-hoc annual plans.
Solution : The suspension of the Five-year Plans in India resulted in the adoption of ad-hoc annual plans, as a temporary measure until the planning process could be resumed.
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