Question : When did the First Five-Year Plan end?
Option 1: March 1956
Option 2: January 1956
Option 3: December 1955
Option 4: February 1956
Correct Answer: March 1956
Solution : The correct answer is March 1956 .
The period of the First Five-Year Plan was from 1951 to 1956. The plan was based on the Harrod Domar Model and emphasised increasing savings. The five-year plans were formulated, implemented and regulated by a body known as the Planning Commission. Joseph Stalin was the first person to implement the five-year plan in the Soviet Union in the year 1928.
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