Q16. What was the period of the first five year plan?
a. 1951-56
b. 1950-55 c. 1947-52
प्रथम पंचवर्षीय योजना की अवधि क्या थी?
a.1951-1956
b.1950-1955 C.1947-1952
Answers
Answer:
1951-1956 was the period of the first five year plan
Answer : A
(A) The first Indian prime minister, Jawaharlal Nehru, presented the First Five-Year Plan to the Parliament of India and needed urgent attention. The First Five-year Plan was launched in 1951 which mainly focused in development of the primary sector. The First Five-Year Plan was based on the Harrod–Domar model with few modifications.
(B) Inspired by the Five-Year Plans of Soviet Union, the programme was visioned and proposed by the Finance Minister Malick Ghoulam[3] to Prime minister Liaquat Ali Khan who initially backed the programme, in 1948.[4] The first five-year plans were approved by the prime minister Ali Khan in 1950 for the period of 1950-55; it was accepted in a view to serve in the rapid and intensified industrialisation, expansion of banking and financial services, with a major focus on heavy industry.[5] Although not five-year plans did not take up the full period of time assigned to them, some of the plans were failed and abandoned whilst some completed successfully. Altogether, there were eight five-year plans (starting 1950 till 1999)[1] and were replaced with the more effective programme, the Medium Term Development Framework (MTDF) under Prime Minister Shaukat Aziz (office: 2004-2007).
(C) Current issues are now on the Chicago Journals website. Read the latest issue.Economic Development and Cultural Change (EDCC) publishes studies that use modern theoretical and empirical approaches to examine both the determinants and the effects of various dimensions of economic development and cultural change. EDCC’s focus is on empirical papers with analytic underpinnings, concentrating on micro-level evidence, that use appropriate data to test theoretical models and explore policy impacts related to economic development.