FIVE YEAR PLAN

​             Explanation : The NITI Aayog is a policy think of the Govt of India. It replaced the   Planning Commission 

            Explanation:  NITI Aayog established on 1 January 2015. Its full form is National institution for Transforming India

Explanation: Second five-year plan:

Ø  This plan was implemented from 1956 to 1961.

Ø  The main objective of the second five-year plan was to develop the public s                                         sector and aimed at rapid industrialization.

Ø  Mahalanobis mode was the center point of the second five- year plan.

Explanation : Seventh Five-Year Plan

Ø  Its duration was from 1985 to 1990, under the leadership of Rajiv Gandhi. 

Ø  The objectives of this plan include the establishment of a self-sufficient economy, opportunities for productive employment, and up-gradation of technology.

Ø  The Plan aimed at accelerating food grain production, increasing employment opportunities & raising productivity with a focus on ‘food, work & productivity

​               Explanation :  National Development Council (NDC) was the final authority that used to give final approval to the five years plans. The decades-old Five-Year Plans have been replaced by three-year action plan, which will be part of a seven-year strategy paper and a 15-year vision document.

Explanation:  The main focus of the first five-year plan was the agricultural development of the country. Agriculture is still the backbone of the Indian economy in terms of employment generatio

​Explanation: Indira Gandhi’s political opponents campaigned on the slogan “Indira Hatao,“ (Remove Indira). But Indira Gandhi tweaked it and renamed as “Garibi Hatao,“ (Remove Poverty).

Indira Gandhi ji used the slogan of 'Garibi Hatao Desh Bachavo (meaning ’Abolish Poverty rescue the country’) in 1971 election. The duration of the fourth Five Year Plan was from 1969 to 1974. So the correct answer would be fourth Five Year Plan.

Explanation: A mixed economy means the co-existence of the government and the Private sector in an economy.

​Explanation:  The main reason behind the plan holiday was the Indo-Pakistan war & failure of the third plan. The duration of this plan was from 1966 to 1969. The duration of the third five-year plan was from 1961 to 1966.

​             Explanation:  PNB was established on May 19 1984, is India first Swadeshi Bank

 The Bank opened for business on12April 1985

PNB is an Indian public sector bank headquarters in New Delhi

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 Exp : The Reserve Bank of India, as the central bank of the country, functions as the sole bank with the right of issuing paper notes, it acts as banker to the Government, it is the banker to other bank and it regulates the flow of credit.

          Exp : National Bank for Agriculture and Rural Development (NABARD) is an apex   development bank in India.

It was established in 1982 by the Government of India to provide credit and other financial services to the rural sector.