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SSC CGL 2023 PYQ — Question 47

SSC CGL - 20 July 2023 - Shift 4 • General Awareness • Q47

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When did the first 5 year plan start?

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Correct answer: B

Explanation

The correct answer is option 2 i.e. 1 April 1951.

  1. Commencing on April 1, 1951, India implemented its first Five-Year Plan. The goal of this massive economic project was to quickly industrialize and expand the agricultural sector.
  2. To spur economic development, it placed a strong emphasis on key industries including transportation, electricity, and irrigation.
  3. The strategy, which concentrated on capital formation and investment, was based on the Harrod-Domar model. This plan's effective execution set the stage for other plans and influenced India's course for growth.