Economics · Five Year Plans
Assess the following statements related to the objectives of the Eighth Five Year Plan and its context: 1. The Eighth Five Year Plan (1992-1997) was the first plan to shift significantly towards market-based economic management, terming the shift as 'Indicative Planning'. 2. A key financial aim of the Eighth Plan was to reduce the Current Account Deficit (CAD) from the high levels recorded during the early 1990s Balance of Payments crisis. 3. The plan explicitly aimed at achieving near full employment levels by the turn of the century (year 2000) through a high rate of economic growth. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1All 1, 2, and 3 are correct✓
- 2Only 1 and 3 are correct
- 3Only 2 and 3 are correct
- 4Only 1 and 2 are correct
Correct answer
All 1, 2, and 3 are correct
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Five Year Plans MCQs →Want more practice questions on Five Year Plans?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Five Year Plans