
With reference to India's Five-Year Plans, which of the following statements is/are correct?
1. From the Second Five-Year Plan, there was a determined thrust towards substitution of basic and capital good industries.
2. The Fourth Five-Year Plan adopted the objective of correcting the earlier trend of increased concentration of wealth and economic power.
3. In the Fifth Five-Year Plan, for the first time, the financial sector was included as an integral part of the Plan.
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Important Questions on Economic Planning in India
Which of the following are associated with 'Planning in India'?
The Finance Commission
The National Development Council
The Union Ministry of Rural Development
The Union Ministry of Urban Development
The Parliament
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