📝 Multiple Choice Question
Economics
Which of the following statements is correct about the Five-Year Plan?
A
All Five-Year Plans have equal rates of growth.
B
The Planning Commission was constituted in 1951.
C
The first Five-Year Plan was started in 1951.
D
The President was the ex-officio chairperson of the Planning Commission.
Explanation
India's era of centralized economic planning officially began when Prime Minister Jawaharlal Nehru presented the First Five-Year Plan to the Parliament in 1951.
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