1
Question
In the first five year plan (1951-56) the national income rose to ________.
In the first five year plan (1951-56) the national income rose to ________.
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Solution
The correct option is A 18%
Although the target for national income growth was only an 11% increase, the actual increase was 18% from Rs. 8850 crore the national income increased to Rs. 10,480 crore by the end of the first plan. Per capita income went up by 11%.
The
target growth rate was 2.1% annual gross domestic product (GDP) growth; the
achieved growth rate was 3.6% the net domestic product went up by 15%. The
monsoon was good and there were relatively high crop yields, boosting exchange
reserves and the per capita income, which increased by 8%.
Although the target for national income growth was only an 11% increase, the actual increase was 18% from Rs. 8850 crore the national income increased to Rs. 10,480 crore by the end of the first plan. Per capita income went up by 11%.
The
target growth rate was 2.1% annual gross domestic product (GDP) growth; the
achieved growth rate was 3.6% the net domestic product went up by 15%. The
monsoon was good and there were relatively high crop yields, boosting exchange
reserves and the per capita income, which increased by 8%.
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