Question : Which Five-year Plan in India was known for its focus on the 'Gadgil Formula' for resource allocation?
Option 1: Second Five-year Plan
Option 2: Third Five-year Plan
Option 3: Fourth Five-year Plan
Option 4: Fifth Five-year Plan
Correct Answer: Fourth Five-year Plan
Solution : The Third Five-year Plan in India was known for its focus on the 'Gadgil Formula', which was a method for allocating central assistance to states based on their development needs and performance.
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