In the context of Indian planning, the First Five Year Plan focused primarily on:
A. Agriculture and irrigation
B. Export promotion
C. Information technology
D. Heavy industries
Answer: Option A
Solution (By JKSSB Mock Tests)
The First Five Year Plan (1951-56) gave priority to agriculture, irrigation and power to address food shortages and build a foundation for future growth.
Explanation:
Keynes introduced the concept of liquidity trap, a situation where interest rates are so low that people prefer to hold cash rather than invest in bonds, making monetary policy ineffective.
Explanation:
Realising the demographic dividend requires that the large working-age population is educated, skilled and productively employed in the economy.
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