Question

The main objective of the First Five-Year Plan was to ______________.

• A. Remove poverty
• B. Increase India's GDP
• C. Provide better health and educational facilities
• D. Correct the damage done to the economy by partition

Answer 1

Answer: (D)

Correct the damage done to the economy by partition

The first year plan (1951–56) was a plan, essentially a ‘repair plan’, made to take care of the severe damage to the country economy caused by war, famine (1943) and the partition of the sub-continent in 1947. The first year plan was Harrod – Domar model of development economics. FYP had a target of 2.1% PA growth in national income. Top priority was given to the development of agricultural sector. The idea was agricultural development would lead to higher rate of economic growth. The performance of the plan was good due to a good harvest and the National income increased at the rate of 3.6% PA.