Question

Which of the following country/countries followed the Five Year Planning structure of economic development?
(i) India (ii) China (iii) Pakistan (iv) USA

• A. (i), (ii) and (iii)
• B. (ii) and (iii)
• C. (i) and (iv)
• D. Only (iv)

Hint:

Countries like India, China, and Pakistan used Five Year Plans to structure their economic development, focusing on growth targets and resource allocation.

Answer 1

The Correct Option is A

The Five Year Plan was a model of economic planning used by several countries for development.
India, China, and Pakistan all implemented Five Year Plans to guide their economic development, while the USA did not adopt this structure.
India's first Five Year Plan began in 1951, China adopted the model in the 1950s, and Pakistan also started its own Five Year Plans.