Consider the following pairs:

  1. Industry and Transport Plan→ Second Five Year Plan
  2. Gadgil Yojana→ Sixth Five Year Plan
  3. Rolling Plan→ Eighth Five Year Plan

    Which of the above is/are correct?

Answer: [B] 1 Only

The Gadgil formula is named after Dhananjay Ramchandra Gadgil. The Gadgil formula was formulated with the formulation of the fourth five-year plan for the distribution of plan transfers amongst the states. The Fifth Plan was almost killed by the oil crisis even before it was launched. The Janta Government terminated the fifth five year plan in 1977-78 and launched its own sixth five year plan for period 1978-83 and called it a Rolling Plan. Second Five Year Plan focussed on rapid industrialization and is known for Industry and Transport Plan.

This question is a part of GKToday's Integrated IAS General Studies Module