Which of the following events took place during the 4th Five Year Plan?
1. Nationalization of private banks
2. Bangladesh Liberation War
3. Oil crisis, leading to high inflation
4. Smiling Buddha nuclear test
Select the correct answer using the code given below:
1, 2 and 3 only
2, 3 and 4 only
1, 3 and 4 only
1, 2, 3 and 4
• The Fourth Five Year Plan (1969-1974) was the first plan launched by the Indira Gandhi government, amid pressure of drought, devaluation and inflationary recession. The country was fighting with population explosion, increased unemployment, poverty and a shackling economy.
• In addition, the situation in East Pakistan (now independent Bangladesh) was becoming dire, as the Indo-Pakistani War of 1971 and the Bangladesh Liberation War took place. Funds earmarked for the industrial development had to be used for the war effort. The result was that this plan period was also no better than the Third Five Year Plan.
• Nationalization of 14 major Indian banks was a key, even during this war. This boosted the confidence of the people in the banking system and started greater mobilization of private savings into the banking system.
• At the end of this plan, India also performed the Smiling Buddha underground nuclear test in 1974. This test was partially in response to the US deployment of the Seventh Fleet in the Bay of Bengal. The international community took several harsh measures against India, which affected the domestic economy.
• The Oil Crisis of 1973 skyrocketed the oil and fertilizer prices, leading to a very high inflation.
Nine litres are drawn from a cask full of water and it is then filled with milk, Nine litres of mixture are drawn and the cask is again filled with milk, The quantity of water now left in the cask to that of the milk in it is 16 : 9. How much does the cask hold?
Science & Technology · Easy
Sustainable development requires which of the following? 1. Preservation of ecological resources and greater use of renewable resources. 2. Encouragement to the use of environmentally-safe technologies for development purposes. 3. Formulation and implementation of policy framework for people-security and human justice, including ecological and economic security. Select the correct answer using the code given below:
Science & Technology · Easy
Consider the following statements about the Cabinet Mission: 1. Stafford Cripps was the Chairman of the Mission. 2. It supported the cause of Pakistan’s independence. 3. It recommended that provinces will have residuary powers. Which of the statements given above is/are not correct?
Science & Technology · Easy
The identity platform 'Aadhaar' provides open "Application Programming Interfaces (APIs)". What does it imply ? 1. It can be integrated into any electronic device. 2. Online authentication using iris is possible. Which of the statements given above is/ are correct ?
Science & Technology · Easy