Official Answer Key & Detailed Solution
Ready to check the official UPSC Answer Key?
Click any option above to test yourself under exam conditions, or reveal the explanation directly.
Correct Answer: Option (A) — 1 and 2 only
Concept & Option Breakdown
Standard Reference Verified- Statement 1 is correct: The Second Five-Year Plan (1956–61), based on the Mahalanobis Model, focused heavily on heavy industry and domestic production/substitution of capital and basic goods.
- Statement 2 is correct: The Fourth Five-Year Plan (1969–74) aimed at 'Growth with Stability' and explicitly sought to reduce disparities and correct the concentration of wealth and economic power.
- Statement 3 is incorrect: The Fifth Plan focused on poverty eradication (Garibi Hatao) and self-reliance; the financial sector was formally integrated into planning frameworks primarily in the Ninth Five-Year Plan (1997–2002).
Practice Full-Length & Sectional Prelims Mocks on this Interface
50 simulated tests in the APT Prelims Test Series (₹1,493) or 1-on-1 Mentorship with Avinash Sir.