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Adjusting for Inflation

In the First ...

Question

In the First Five Year Plan (1951-56), the national income rose by _____.

A

80%

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B

18%

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C

124%

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D

216%

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Solution

The correct option is A 18%
National income rose by 18% during First Five Year Plan.
First Five Year Plan actually had a target of national income growth of 12%.
PCI rose by 12%.

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