With reference to India's Five-Year Plans, which of the following statements is/are correct? 1. From the Second Five-Year Plan, there was a determined thrust towards substitution of basic and capital good industries. 2. The Fourth Five-Year Plan adopted the objective of correcting the earlier trend of increased concentration of wealth and economic power. 3. In the Fifth Five-Year Plan, for the first time, the financial sector was included as an integral part of the Plan. Select the correct answer using the code given below.
a
1 and 2 only
b
2 only
c
3 only
d
1, 2 and 3
Economic PlanningFive-Year PlansSecond Five-Year PlanMahalanobis ModelImport SubstitutionFourth Five-Year PlanGadgil FormulaFifth Five-Year PlanFinancial Sector Inclusion