Question : Which among the following is the incorrect pair?
1. First Five-Year Plan - P. C. Mahalanobis Model
2. Second Five-Year Plan - Harrod-Domar Model
3. Third Five-Year Plan - Gadgil Plan
Option 1: 1
Option 2: 2
Option 3: 1 and 2
Option 4: 2 and 3
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Correct Answer: 1 and 2
Solution : The correct answer is 1 and 2 .
The Reserve Bank of India produced the Gadgil Plan for economic growth in India in 1961. It was not utilised as the foundation for the Third Five-Year Plan, which was based on the Mahalanobis model instead.
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