Question

Arrange the following events in chronological order.
(A) New Economic Policy.
(B) Second Five Year Plan.
(C) Planning Commission.
(D) Green Revolution.
Choose the correct answer from the options given below:

• A. (A), (B), (C), (D)
• B. (A), (B), (D), (C)
• C. (B), (A), (D), (C)
• D. (C), (B), (D), (A)

Hint:

Quick Timeline:
1950: Planning Commission $\rightarrow$ 1956: 2nd Plan $\rightarrow$ 1966: Green Revolution $\rightarrow$ 1991: NEP.

Answer 1

The Correct Option is D

Concept:
Post-independence Indian economic planning followed specific policy phases, transitioning from early central planning to agricultural modernization, and eventually to macroeconomic liberalization.

Step 1: Identifying the Historical Timelines:
(C) The Planning Commission was established by an executive resolution of the Government of India in March 1950 under the chairmanship of Prime Minister Jawaharlal Nehru.
(B) The Second Five-Year Plan spanned the period from 1956 to 1961, guided by the Mahalanobis strategy emphasizing heavy capital goods industries.
(D) The Green Revolution was introduced in the mid-1960s (specifically starting around 1966) using High Yielding Variety (HYV) seeds, chemical fertilizers, and assured irrigation.
(A) The New Economic Policy (NEP), which initiated structural reforms through Liberalization, Privatization, and Globalization (LPG), was formally launched in July 1991.

Step 2: Chronological Ordering:
Arranging these policy milestones in chronological order from earliest to latest:
1. Planning Commission (1950) $\rightarrow$ (C)
2. Second Five Year Plan (1956) $\rightarrow$ (B)
3. Green Revolution (Mid-1960s) $\rightarrow$ (D)
4. New Economic Policy (1991) $\rightarrow$ (A)
This establishes the sequence: (C), (B), (D), (A).
Final Answer:
The correct chronological sequence is represented by Option (D).