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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


Team Careers360 2nd Jan, 2024
Answer (1)
Team Careers360 23rd Jan, 2024

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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