UPSC Prelims 1995 · General Studies

Question 38: Economy and Social Development

What is the annual growth rate aimed at in the Eighth Five-Year Plan?

a5.6%

b6%

c6.5%

d7%

AnswerThe answer is (a).

The Eighth Five-Year Plan (1992-97) set an annual growth target of 5.6 per cent for the economy, a modest figure given that it began just after the 1991 balance-of-payments crisis and the start of reforms. In practice, growth in the plan period came out higher, at over 6 per cent. Remember: the Eighth Plan targeted 5.6 per cent.

Why each option is right or wrong

(a) Right: 5.6 per cent a year.
(b) 6 per cent was not the Eighth Plan target.
(c) 6.5 per cent was the target of the later Ninth Plan, not the Eighth.
(d) 7 per cent is higher than the Eighth Plan aimed for.

Explanation: written by UPSC Grade, not by UPSC.

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Source: UPSC, Civil Services (Preliminary) Examination 1995, General Studies. UPSC's own paper isn't online; the words are from a published compilation. The paper on upsc.gov.in.