Question : The duration of the 12th Five-Year Plan was from _______ to ________.
Option 1: 2012 - 2017
Option 2: 1987 - 1992
Option 3: 2007 - 2012
Option 4: 1990 - 1995
Correct Answer: 2012 - 2017
Solution : The correct answer is 2012 - 2017 .
The 12th Five-Year Plan is from 2012 to 2017. It aims at achieving a growth rate of 8%. It aims to reduce the poverty rate by 10% than the rate at the end of the 11th FYP.
The idea of planning as a process of rebuilding the economy gained prominence in the 1940s-1950s. Joseph Stalin was the first person to implement the five-year plan in the Soviet Union in 1928.
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