Question : Which Five-Year Plan marked the beginning of economic planning in India?
Option 1: First Five-Year Plan
Option 2: Second Five-Year Plan
Option 3: Third Five-Year Plan
Option 4: Fourth Five-Year Plan
Correct Answer: First Five-Year Plan
Solution : The correct answer is (a) First Five-Year Plan.
The First Five-Year Plan, covering the period from 1951 to 1956, marked the beginning of economic planning in India. It was launched by the Indian government under the leadership of Prime Minister Jawaharlal Nehru with the objective of rapid industrialization and economic development. The plan focused on agriculture, irrigation, power, and transport infrastructure, with an emphasis on reducing poverty and increasing employment opportunities. The First Five-Year Plan laid the foundation for subsequent plans and the process of planned economic development in India.
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