ECONOMICS
ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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First Five year plan
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Second Five year plan
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Third Five year plan
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Fourth Five year plan
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Detailed explanation-1: -The correct answer is Agriculture. The First Five Year Plan in India was from 1951 to 1956. The plan was based on the Harrod-Domar model. Gave priority to the agricultural development of the country.
Detailed explanation-2: -Due to this, the first five-year plan is also called Domer-Mahalanobis Model. In this plan, highest priority was given to the Agriculture, Irrigation and Power Projects.
Detailed explanation-3: -The Planning Commission adopted the Five-Year Plan from 1951 to 1956. Its main focus was on agricultural development as India was primarily an agricultural country. Most of India’s population was dependent on agriculture for their income. Thus, it prioritised the agricultural sector.
Detailed explanation-4: -Third 5 year Plan gave a Predominant emphasis to agriculture. One of the major objectives of the Plan was to achieve self-sufficiency in food grains and to increase agricultural production for exports.
Detailed explanation-5: -The correct option is D Nagarjuna Sagar Dam.