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Question

The First Five Year Plan only inauqurated the process of planning. It's main objective was to

A
Correct the damage done to an economy by war and partition
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B
Increase agricultural and industrial population
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C
Remove poverty
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D
Raise the standard of life of the people
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Solution

The correct option is B Increase agricultural and industrial population

First Five-Year Plan in February 1928, he had the mechanisms in place to control both the party and society. ... The practical aims of Stalin's plans were to increase industrial production, including consumer goods, by 250 percent and to increase agricultural production by 130 percent. India had to recover from the partition and the disequilibrium in the economy due to the Second World War. The First Plan, therefore, had the objectives of rehabilitating refugees, agricultural development, and self-sufficiency in food along with controlling inflation. The target GDP growth of the plan was 2.1%, but the country recorded a growth of 3.6% that year. New Delhi: Sixty-nine years ago, on 9 July 1951, India's first Prime Minister Jawaharlal Nehru presented the First Five-Year Plan to the Parliament.


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