Q. Which of the following major policy initiatives were undertaken during the Fourth Five-Year Plan (1969–1974)?- Nationalization of 14 major banks to expand credit to priority sectors.
- Adoption of the Gadgil Formula for equitable distribution of central assistance to states.
- Abandonment of the Green Revolution strategy in favor of import dependence.
- Measures to reduce inequalities and concentration of wealth.
Select the correct option from the codes given below:
Answer:
1, 2 & 4 only
Notes: During the Fourth Five-Year Plan, the major initiatives included nationalization of 14 banks, adoption of the Gadgil Formula, and measures to reduce inequalities. The Green Revolution strategy was continued, not abandoned. Thus, statements 1, 2, and 4 are correct.