Question

Which of the following statements are related to the First Five Year Plan (1951-1956)?
(A) Huge allocations were made for the Bhakhra Nangal Dam.
(B) It identified the pattern of land distribution in the country.
(C) It imposed substantial tariffs on imports.
(D) It sought to push savings up.
Choose the correct answer from the options given below:

• A. (A), (B) and (C) only
• B. (A), (B) and (D) only
• C. (A), (B), (C) and (D)
• D. (B), (C) and (D) only

Hint:

Import tariffs belong to the Second Plan.

Answer 1

The Correct Option is B

Step 1: Understand the question.
We must find which of the four statements describe the First Five Year Plan, which ran from 1951 to 1956.

Step 2: Recall the plan.
The First Plan was drawn up by the Planning Commission using the Harrod-Domar idea. Its focus was agriculture, irrigation, power and a higher rate of savings.

Step 3: Check statement (A).
Big money went to dams and irrigation in this plan, such as Bhakra Nangal and Hirakud. So (A) is TRUE.

Step 4: Check statement (B).
The plan saw the pattern of land distribution as the main cause of low farm output and stressed land reform. So (B) is TRUE.

Step 5: Check statement (C).
Heavy tariffs on imports to protect industry belong to the Second Plan (1956-61), with its stress on import substitution and heavy industry. So (C) is FALSE for the First Plan.

Step 6: Check statement (D).
The plan sought to push up the rate of savings to raise investment. So (D) is TRUE.

Step 7: Match with the options.
The true set is (A), (B) and (D), which is option 2. Options 1, 3 and 4 include (C), so they are wrong.

Final Answer:
The First Plan fits A, B and D. This is option 2. \[ \boxed{\text{Option 2: (A), (B) and (D) only}} \]