The correct answer is Option 2-2 [(C), (D), (E) only]
Given statements:
(A) The First Five-Year Plan sought to get the country out of the cycle of poverty
(B) It was mainly addressed to focus on the agrarian sector
(C) The basic level of spending of people at that time was very high
(D) Huge allocations were made for large-scale projects like the Iron & Steel Industry
(E) The pattern of land distribution was uniform in the country
The incorrect statements with respect to the First Five-Year Plan are:
(C) The basic level of spending of people at that time was very high.
(D) Huge allocations were made for large-scale projects like the Iron & Steel Industry
(E) The pattern of land distribution was uniform in the country.
The First Five-Year Plan sought to get the country out of the cycle of poverty and it did focus on the agrarian sector, however, huge allocations were made for large-scale projects like the Bhakhra Nangal Dam. However, the basic level of spending was not high at that time, and the pattern of land distribution was not uniform in the country. | 
