Which of the following statements are true?

i. The First Five-Year Plan was based on the PC Mahalanobis model.

ii. The First Five-Year Plan laid emphasis on agriculture development.

iii. The Five-Year planning model in India was borrowed from Russia.

Question

Question

This question was previously asked in

SSC CHSL Exam 2024 Tier-I Official Paper (Held On: 03 Jul, 2024 Shift 1)

Answer 1

The correct answer is Only ii and iii

Key Points

The First Five-Year Plan in India was launched in 1951 and primarily focused on the development of the agricultural sector.
The Five-Year planning model in India was inspired by the planning model of the Soviet Union (Russia).
The PC Mahalanobis model was actually used for the Second Five-Year Plan, not the first.

Additional Information

The First Five-Year Plan was based on the Harrod-Domar model and emphasized on agricultural development to address the food crisis and inflationary pressures.
The Second Five-Year Plan introduced the PC Mahalanobis model which focused on industrialization and aimed at building a strong public sector.
India adopted the Soviet-style planning model, which involved centralized and integrated national economic programs.