Question : The first Five Year Plan of the Government of India was based on
Option 1: Leontief input-output model
Option 2: Harrod-Domar model
Option 3: Mahalanobis two-sector model
Option 4: Mahalanobis four-sector model
Correct Answer: Harrod-Domar model
Solution : The correct option is Harrod-Domar model
The primary sector's development was the main focus of the first five-year plan. With few changes, the Harrod-Domar model served as the foundation for the First Five-Year Plan. In the year 1951, the Indian government launched it. Actual growth was 3.6% compared to the target growth rate of 2.1%. The model was Harrod-Domar.
College Comparison based on Courses, Placement, Rank, Fee
Answer Key | Eligibility | Application | Selection Process | Preparation Tips | Result | Admit Card
Question : Which five-year plan emphasised the development of industries and industrial base in India?
Question : In which five-year plan was the process of economic reform introduced in India?
Question : Which road plan in India was the first attempt for the Road Development Programme between 1943 and 1963?
Question : Which five-year plan in India was mainly focussed on Garibi Hatao, the creation of employment opportunities, and agricultural production amongst other objectives?
Question : Who among the following was the first person to discuss the poverty line in pre-independent India?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile