Page 246 - General Knowledge

GENERAL KNOWLEDGE 2019

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 Duration: 1 April, 1997 to 31 March, 2002.
 Aim: Growth with equity and distributive social justice.
 Objectives: To create ―employment‖ and ensure food security.

 To control population growth.
 Dependency on deficit financing = zero.

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10 Five Year Plan
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 Duration: 1 April, 2002 to 31 March, 2007.
 Aim: Doubling per capita income in ten years.
 Objectives: Reduction of poverty ratio to 20%.
 Universal access to primary education. Reduction in the decadal rate of population growth
between 2001 and 2011 to 16.2%.
 Increase in the literacy rate to 72% by 2007.
 Reduction of IMR to 45.
 Reduction of MMR to 20 per 100 live births.
 Increase in the forest and trees cover to 25%.
 Clearing all major polluted rivers.
 GDP Growth Rate: 7.93 or 8.0%.

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11 Five Year Plan
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 Duration: 1 April, 2007 to 31 March, 2012.
 Aim: Inclusive growth.
 Objectives: Acceleration of GDP growth from 8% to 10% and then maintain at 10% in the
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12 plan in order to double per capita income by 2016-17.
 Increase agricultural GDP growth rate to 4% per year to ensure broad-based development.
 Create 70 million new work opportunities.
 Reduce poverty by 10 percentage points.
 Increase individual and services sector growth in 9-11 per cent.

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12 Five Year Plan
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 Duration: 1 April, 2012 to 31 March, 2017.
 Aim: Faster, more inclusive and sustainable growth.
 Objectives: Achieving a growth rate of 8% GDP per annum.
 Increasing the literacy rate to 100% by 2012-2017.

 Enhancing public welfare expenditure from 1.3% to 2%.
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 Achieving 11% Industrial growth rate against 8% achieved in 11 Plan.
 Ensuring 7% growth rate per annum in energy sector.
 Giving priority for rural welfare and development.
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 Bringing down poverty by 10 percentage points by the end of 12 plan.
 Generating five crore new jobs in non-farm sector.
 Increasing investments in infrastructure sector.

3. BANKING AND INSURANCE SECTORS
 The banking sector in India has the advantage of access to one of the largest and most
stable global financial networks.

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