Who was the Prime minister of India at the time of launching the first five year plan?
Show answer & explanation
Correct answer: A
Explanation
Correct Answer:
Option 1: Jawaharlal Nehru
Explanation:
The First Five-Year Plan was launched in 1951, and at that time, the Prime Minister of India was Pandit Jawaharlal Nehru. He adopted the concept of Planned Economic Development and laid the foundation for a mixed economy in India. The primary objectives of this plan were agricultural development, the expansion of irrigation facilities, increasing food grain production, and rural development. It was during this period that the Planning Commission was established in 1950. Multipurpose river valley projects, such as Bhakra-Nangal, were initiated during this plan. This plan is considered extremely significant in laying the foundation of India's economy.
Additional Facts:
Option 2: Gulzarilal Nanda served as the Acting Prime Minister.
Option 3: Lal Bahadur Shastri became Prime Minister later.
Option 4: Indira Gandhi became Prime Minister in 1966.
Potential Questions for Upcoming Exams:
Question: When did the First Five-Year Plan begin?
Answer: 1951
Question: When was the Planning Commission established?
Answer: 1950
Question: Which model was the Second Five-Year Plan based on?
Answer: Mahalanobis Model
Question: When was NITI Aayog established in India?
Answer: 2015