SSC
INDIAN ECONOMY
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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in which year First five year plan started in India?
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1950
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1961
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1951
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1960
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Explanation:
Detailed explanation-1: -INDIA’S FIRST FIVE YEAR PLAN covered the period from April 1951 through March 1956; the Second Five Year Plan covers the period from April 1956 through March 1961.
Detailed explanation-2: -7.5 The first Five-year Plan was launched in 1951 and two subsequent five-year plans were formulated till 1965, when there was a break because of the Indo-Pakistan Conflict.
Detailed explanation-3: -The First Five-Year Plan was quasi-successful for the government. The targeted growth rate in the first Five-Year Plan was 2.1% Gross Domestic Product (GDP) every year, and the achieved growth rate was 3.1%. Foodgrain production increase from 52.2 million tonnes in 1951 to 67 million tonnes in 1956.
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