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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.


Team Careers360 20th Jan, 2024
Answer (1)
Team Careers360 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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