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      Question

      Which among the following Five Year Plans of the Indian

      Economy adopted the indicative planning model?
      A Fourth Five Year Plan Correct Answer Incorrect Answer
      B Sixth Five Year Plan Correct Answer Incorrect Answer
      C Eight Five Year Plan Correct Answer Incorrect Answer
      D Tenth Five Year Plan Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      Solution

      During the Eighth Five Year Plan, the Indian Economy adopted the indicative planning model. Indicative planning is a form of economic planning implemented by a state in an effort to solve the problem of imperfect information in market and mixed economies in order to increase economic performance.

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