Economics · Five Year Plans
Consider the following statements regarding the Five-Year Plans of India: 1. The First Five-Year Plan was based on the Harrod-Domar model and prioritised agricultural development. 2. The Second Five-Year Plan, known as the Mahalanobis Plan, focussed on rapid industrialisation. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11 only
- 22 only
- 3Both 1 and 2✓
- 4Neither 1 nor 2
Correct answer
Both 1 and 2
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