Question : In which of the following years did the government opt for a planned holiday after the seventh five-year plan?
Option 1: From 1991 to 1993
Option 2: From 1990 to 1992
Option 3: From 1992 to 1993
Option 4: From 1989 to 1991
Correct Answer: From 1990 to 1992
Solution : The correct answer is From 1990 to 1992 .
The term "Plan Holiday" refers to the interruption in the continuous series of Five-Year Plans in India. During the Eighth Five-Year Plan (1990-1995), there was a break in 1990, and the subsequent years (1990-91 and 1991-92) were treated as Annual Plans due to economic instability. The country faced a foreign exchange reserves crisis, leading to this hiatus.
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