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Which of the following statements is true about the Third Five Year Plan - I. This scheme ran from 1 April 1961 to 31 March 1949 II. The goal of this plan was to make the economy reach a state of economic dynamism. III. The main reason for the failure of this plan was war and drought.

Which of the following statements is true about the Third Five Year Plan - I. This scheme ran from 1 April 1961 to 31 March 1949 II. The goal of this plan was to make the economy reach a state of economic dynamism. III. The main reason for the failure of this plan was war and drought. Correct Answer All statement are true 

Option 4 is correct,

  • Third Five Year Plan -
    •  This scheme started on April 1, 1971, and ended on March 31, 1949.
    • The plan aimed to make the economy reach a state of economic dynamism.

 Note-

  • The Third Five-Year Plan ended on 31 March 1966, after that the Fourth Plan should have started on 1 April 1979, but the unfortunate failure of the Tritiya Plan resulted in almost stagnant production in various sectors of the economy.
  • The devaluation of the Indian rupee was announced by the Government of India in June 1966 to increase the country's exports, but could not yield favorable results. Due to which the fourth plan was postponed for some time and three annual plans were replaced in its place.
  • The period from 1966 -1969 was called the period of "planning leave" as no systematic planning was done during this period.
  • The main reason for the failure of this plan was to have a war with China in 1962 and with Pakistan in 1965 and a drought in the country in 1965-66

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