1. What is the period of first five year plan?
1951–1956
2. Who presented the first five year plan?
The first Indian Prime Minister, Jawaharlal Nehru, presented the First Five-Year Plan to the Parliament of India
3. What was the main focus of first five year plan?
It was mainly focused in the development of the primary sector. It was formed to solve the problems occurred due to partition of the nation and Second World War. Another main target was to lay down the foundation for industry, agriculture development, affordable healthcare, education
4. On which model was the first five year plan based?
It was based on the Harrod–Domar model
5. What was the motto of first five year plan?
The motto of first five years plan was ' Development of agriculture'
6. What was the total planned budget of first five year plan?
The total planned budget of ₹2,069 crore (₹2,378 crore later).
7. State the budget allocation of first five year plan?
Budget was allocated: irrigation and energy (27.2%), agriculture and community development (17.4%), transport and communications (24%), industry (8.6%), social services (16.6%), rehabilitation of landless farmers (4.1%), and for other sectors and services (2.5%)
8. What was the growth rate of first five year plan?
The target growth rate was 2.1% annual gross domestic product (GDP) growth. The achieved growth rate was 3.6%.
9. Which irrigation projects initiated during first five year plan?
Irrigation projects like Bhakra, Hirakud and Damodar Valley dams initiated during this period
10. Which institutions started during first five year plan?
Five Indian Institutes of Technology (IITs) were started as major technical institutions. The University Grants Commission (UGC) was also set up.
11. What is the period of second five year plan?
1956–1961
12. What was the main focus of second five year plan?
It focused on the development of the public sector and "rapid Industrialisation"
13. On which model was the second five year plan based?
The plan followed the Mahalanobis model named after the Indian statistician Prasanta Chandra Mahalanobis
14. Which hydroelectric projects initiated during second five year plan?
Hydroelectric power projects and five steel plants at Bhilai, Durgapur, and Rourkela were established
15. What was the growth rate of second five year plan?
The target growth rate was 4.5%. The actual growth rate was 4.27%
16. Production of which natural resource was increased during second five year plan?
Coal production was increased
17. Which institutions started during second five year plan?
The Tata Institute of Fundamental Research and Atomic Energy Commission of India were established as research institutes
18. Which problems did country face during second five year plan?
The country faced foreign exchange crisis and rising prices
19. What is the period of third five year plan?
1961–1966
20. On which model was the third five year plan based?
It was based on John Sandy and Sukhamoy Chakraborty's model
21. What was the main focus of third five year plan?
It focused on the development of agriculture and improvement in the production of wheat. Sino-Indian War of 1962 & War with Pakistan in 1965 shifted the focus towards the defense industry and the Indian Army.
22. Which problems did country face during third five year plan?
War led to inflation and the priority was shifted to price stabilization
23. What developments were done during third five year plan?
Many cement and fertilizer plants were built. Many primary schools were started in rural areas. Panchayat elections were started. For the first time India resorted to borrowing from IMF. State electricity boards were formed. State secondary education boards were formed. State road transportation corporations were formed. Local road building became a state responsibility.
24. Rupee value devalued for the first time during which plan?
Third five year Plan in 1966
25. What was the growth rate of third five year plan?
The target growth rate was 5.6%. The actual growth rate was 2.4%.
26. What is the period of Plan Holidays?
1966–1969
27. What is the reason for declaration of Plan Holidays?
Due to failure of the Third Plan the government was forced to declare this. The main reasons were the war, lack of resources and increase in inflation.
28. What is the period of fourth five year plan?
1969–1974
29. What is the objective of fourth five year plan?
The objective was to correct the earlier trend of increased concentration of wealth and economic power
30. On which model was the fourth five year plan based?
It was based on the Gadgil formula
31. Who was the prime minister during fourth five year plan?
During this time Indira Gandhi was the prime minister
32. Which banks were nationalized during fourth five year plan?
Government nationalised 14 major Indian banks. They were Allahabad Bank, Bank of Baroda, Bank of India, Bank of Maharashtra, Central Bank of India, Canara Bank, Dena Bank, Indian Bank, Indian Overseas Bank, Punjab National Bank, Syndicate Bank, UCO Bank, Union Bank and United Bank of India
33. What was the growth rate of fourth five year plan?
The target growth rate was 5.6%. The actual growth rate was 3.3%.
34. Which war took the majority of funds during fourth five year plan?
Indo-Pakistan War of 1971 and Bangladesh Liberation War took funds set aside for industrial development
35. What were the developments during fourth five year plan?
The Green Revolution in India advanced agriculture during this period. The concept of a buffer stock was first introduced. The Drought Prone Area Program (DPAP) was launched.
36. What is the period of fifth five year plan?
1974–1978
37. What is the objective of fifth five year plan?
It laid stress on employment, poverty alleviation and justice. It also focused in agricultural production and defense.
38. What were the developments during fifth five year plan?
The Electricity Supply Act was amended in 1975, which enabled the central government to enter into power generation and transmission. The Indian national highway system was introduced. The Minimum Needs Programme (MNP) was introduced whose objective was to provide certain basic minimum needs and thereby improve the living standards of the people.