Which of the following statements is correct in relation to the 'first five-year plan'?

a- One of the basic aims of the planners was to raise the level of national income.

b- The planners sought to push the expenditures up to raise the level of national income.

Only Statement a is correct.

First five-year plan-

One of the basic aims of the planners was to raise the level of national income, which could be possible only if the people saved more money than they spent.  As the basic level of spending was very low in the 1950s, it could not be reduced anymore. So the planners sought to push savings up. That too was difficult as the total capital stock in the country was rather low compared to the total number of employable people.

Nevertheless, people’s savings did rise in the first phase of the planned process until the end of the Third Five Year Plan.