Join 60,000+ competitive exam aspirants
or with email
Your Cart
SubtotalтВ╣0
TotalтВ╣0
Examoogle тАв User тАв info@examoogle.com тАв EE-2024-8821
Chapter 1 of 12 тАв Page 1 of 248ЁЯФТ Protected PDF тАв Watermarked
Join 60,000+ competitive exam aspirants
Which of the following was a primary objective of the First Five Year Plan in India?
Industrialization
Agricultural development
Expansion of service sector
Space exploration
Agricultural development
The First Five Year Plan (1951-1956) was based on the Harrod-Domar model and prioritized the agricultural sector to address acute food shortages and raw material needs following the Partition of India ┬╖ It sought to stabilize the economy by emphasizing irrigation and power projects to increase crop yields.
The First Five Year Plan (1951-1956) was based on the Harrod-Domar model and prioritized the agricultural sector to address acute food shortages and raw material needs following the Partition of India ┬╖ It sought to stabilize the economy by emphasizing irrigation and power projects to increase crop yields.
The Planning Commission was established in March 1950 by an executive resolution of the Government of India, which was later replaced by the NITI Aayog on January 1, 2015.
The plan period was from April 1, 1951, to March 31, 1956.
The target growth rate was 2.1 percent, but the achieved growth rate was 3.6 percent.
Major projects initiated during this period include the Bhakra Nangal Dam, Hirakud Dam, and Mettur Dam.
It also emphasized the Community Development Program launched in 1952.
Industrialization became the primary objective only in the Second Five Year Plan, which was based on the Mahalanobis model.
The service sector growth was not a priority area in the early post-independence era as the economy was primarily agrarian.
Space exploration was not a state objective until the formation of INCOSPAR in 1962, much later than the First Plan.
Option B is the correct answer because it directly addressed the post-colonial economic instability by securing food self-sufficiency.
B is correct тАФ The First Five Year Plan primarily focused on the development of agriculture and irrigation to restore economic stability and combat food grain scarcity.
Always contrast the First Five Year Plan with the Second Five Year Plan (Mahalanobis Plan) to distinguish between the focus on 'Agriculture vs ┬╖ Heavy Industry' in Indian economic history.