Question

In which year the first Five Year Plan was introduced.

• A. 1951
• B. 1947
• C. 1948
• D. 1952

Hint:

Remember key dates in India's post-independence history: Independence (1947), Constitution adopted (1949), Republic Day (1950), and the start of the First Five-Year Plan (1951).

Answer 1

The Correct Option is A

Step 1: India's Economic Planning Overview:
Following independence in 1947, India created the Planning Commission in 1950 to develop economic and social plans, mainly through Five-Year Plans.

Step 2: The Initial Plan's Duration:
The First Five-Year Plan spanned from 1951 to 1956. It employed the Harrod-Domar model and prioritized the primary sector, especially agriculture and irrigation. Prime Minister Jawaharlal Nehru presented the plan.

Step 3: Conclusion:
The initial Five-Year Plan commenced in 1951.