WHen was the First Five Year Plan Launched in India?

Question of The Day04-03-2022

The first Five Year Plan was launched in 1951. The plan was based on which model?

Answer

Correct Answer : d ) Harrod Domar model

Explanation :

The first five-year plan was launched from 1951 to 1956 under the chairmanship of Jawaharlal Nehru. It was based on the Harrod Domar Model.

Under this plan, Khadi Village Board was established. The priority areas of this plan were agriculture, irrigation and electricity.

Five IITs were also established in India during this period.

Hence, option (d) is correct.

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