When did the 5 year plans start?

(A) 1950
(B) 1951
(C) 1955
(D) 1915

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Correct Answer : 1951
Question Asked : MPPSC State Forest Service Mains Exam 2018
Explanation : The concept of economic planning in India is derived from Russia (then USSR). India has launched 12 five year plans so far. First, five year plan was launched in 1951. Now the present NDA government has stopped the formation of five year plans. So 12th five year plan would be called the last five year plan of India.
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