Explanation The correct answer is 1 and 2 only. Key Point • T | UPSC LAW Optional

Explanation
The correct answer is 1 and 2 only.

Key Point
• The Second Five-Year Plan's stated goal was to construct the Socialistic Pattern of Society through fast industrialization, with a focus on the growth of the basic and heavy industries. Therefore, Statement 1 is true.

• The fourth five-year plan placed a strong emphasis on reducing income, wealth, and economic power concentration in order to achieve social equality and justice. Therefore, Statement 2 is true.

• The fifth five-year plan seeks to eradicate poverty and foster independence. Therefore, Statement 3 is untrue.

Fifth Five Year Plan:
• Its duration was 1974 to 1978.

• This plan focused on Garibi Hatao, employment, justice, agricultural production and defence.

• The Electricity Supply Act was amended in 1975, the Twenty-point programme was launched in 1975, the Minimum Needs Programme (MNP) and the Indian National Highway System was introduced.

• Overall this plan was successful which achieved a growth of 4.8% against the target of 4.4%.

• This plan was terminated in 1978 by the newly elected Morarji Desai government.