SarkariPYQ

SSC GD 2025 PYQ — Question 38

SSC GD Const 2025 (English) - 13 Feb 2025 - Shift 3 • General Awareness • Q38

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Which model was the First Five-Year Plan based on?

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Correct answer: D

Explanation

The correct answer is option 4 i.e. Harrod-Domar Model.

  • The First Five-Year Plan was based on Harrod-Domar Model.

  • The First Five Year Plan was implemented from 1951 to 1956 under the leadership of Prime Minister Jawaharlal Nehru.

  • It was primarily influenced by the Harrod-Domar model, adapted to suit India's specific economic needs.

  • The plan's core objective was to boost agricultural production and ensure food security, laying the foundation for economic stability.

  • It emphasized investment in irrigation, land reforms, and rural infrastructure to improve agricultural productivity.

  • The plan proved to be a success, achieving a growth rate of 3.6%, which exceeded the original target of 2.1%.

  • A significant educational milestone during this period was the establishment of five Indian Institutes of Technology (IITs), contributing to long-term human capital development.