Q. Consider the following statements:

1. China was the first among India, China and Pakistan to launch the first Five Year Plan (FYP) after independence.
2. Pakistan has not followed any kind of Five Year Plan (FYP) modelled planning.

Which of the above is / are correct?
Answer: None of the above
Notes: Neither of the statement is correct. India was the first to launch Five Year plan among these three countries. The Five Year Planning in Pakistan is known as Medium Term Planning. All three countries had started planning their development strategies in similar ways. While India announced its first Five Year Plan for 1951-56, Pakistan announced its first five year plan, now called the Medium Term Development Plan, in 1956. China announced its First Five Year Plan in 1953.