Which Five-Year Plan was the first to be terminated before its completion, and why?

Correct option is C

The correct answer is (C) Fifth Plan, due to a change in government.

Explanation:
The Fifth Plan was terminated before its completion in 1978 due to a change in government. After the 1977 elections, the new government, led by the Janata Party, decided to end the plan prematurely and introduced the Rolling Plan instead.

Information Booster:

• Fifth Plan: The Fifth Five-Year Plan (1974-1979) focused on increasing employment, improving the standard of living, and promoting economic growth.
• Rolling Plan: After the Fifth Plan was discontinued, the government introduced the Rolling Plan in 1978, which was more flexible and updated annually.
• Impact on the Economy: The change in government allowed for reforms such as nationalization and price stabilization, while the Rolling Plan gave the government room to adjust policies based on the evolving economic conditions.

Additional Knowledge:

• Seventh Plan: The Seventh Five-Year Plan (1985-1990) was completed successfully and was not terminated due to political conflicts.
• Third Plan: The Third Five-Year Plan (1961-1966) faced challenges due to the India-China war and the 1965 war with Pakistan, but it was not terminated.
• Second Plan: The Second Five-Year Plan (1956-1961) aimed at industrialization, though it was affected by the Sino-Indian war and resource constraints.