Q. Consider the following statements regarding the First Five-Year Plan (1951–1956):

1. It was based on the Harrod–Domar model of economic growth.
2. Its primary focus was on agriculture, irrigation, and food security.
3. Major irrigation projects like the Bhakra–Nangal Dam were initiated during this plan.
4. It failed to achieve its growth target due to recurring droughts and refugee resettlement challenges.

Which of the above statements is / are correct?
Answer: 1, 2 and 3
Notes: The First Five-Year Plan was based on the Harrod–Domar model (1), and emphasized agriculture, irrigation, and food security (2). Major projects such as the Bhakra–Nangal Dam began in this period (3). The plan, however, surpassed its growth target, and did not fail as suggested in statement 4, making only statements 1, 2, and 3 correct.