Question

    Which among the following Five Year Plans of the Indian Economy adopted the indicative planning model?

    A Fourth Five Year Plan Correct Answer Incorrect Answer
    B Sixth Five Year Plan Correct Answer Incorrect Answer
    C Eight Five Year Plan Correct Answer Incorrect Answer
    D Tenth Five Year Plan Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    During the Eighth Five Year Plan, the Indian Economy adopted the indicative planning model. Indicative planning is a form of economic planning implemented by a state in an effort to solve the problem of imperfect information in market and mixed economies in order to increase economic performance.

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