Page 245 - General Knowledge

GENERAL KNOWLEDGE 2019

 Aim: Push the economy up to the take off stage of development.
 Objectives: Securing a marked advancement towards self-sustaining growth.
 National income was only at 2.5% and it was targeted at 5.0% per annum.

 Per capita income was only 0.2% per annum.
 Third plan was a failure plan.
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4 Five Year Plan
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 Duration: 1 April, 1969 to 31 March 1974
 Aim: Growth with stability and progress towards self-reliance.
 Objectives: To ensure the growth rate of 5.7% per annum for economic development of the
country.
 Achieve a growth rate of 70% per annum in exports.
 The annual growth rate in industrial production was only 4.0% per annum, which was below
the target.
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5 Five Year Plan
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 Duration: 1 April, 1974 to 31 March, 1978.
 Aim: Poverty alleviation and self-reliance.
 Objectives: The plan closed one year prior to its scheduled date.
 This plan followed the path of ―export promotion and import substitution‖.

 Target was to a general growth of 5.0% per annum in national income.
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6 Five Year Plan
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 Duration: 1 April, 1980 to 31 March, 1985.
 This plan was called the ―rolling plan‖.
 Aim: Poverty and unemployment reduction.
 Objectives: Qualitative improvement in the living standards of people by means of minimum
need programmer.
 The targeted growth rate was 5.2% per annum. The actual attained growth rate was 5.3%
per annum.
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7 Five Year Plan
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 Duration: 1 April, 1985 to 31 March, 1990.
 Aim: Growth, modernization, self-reliance and social justice.
 Objectives: Increased employment opportunity
 Targeted growth rate was 5.0% per annum.
 Actual growth rate of the N.I. was 5.9%.
 The growth rate of per capita income was 3.7%.

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8 Five Year Plan
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 Duration: 1 April, 1992 to 31 March, 1997.
 Aim: Human Development in various aspects.
 Target: Full employment till the end of this century.
 Objectives: Population control by ―Protsahan and Hatotsahan.
 N.I. has been estimated at 6.7% per annum which is higher than the targeted growth rate of 5.6%.
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9 Five Year Plan

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