In the context of Five-Year Plans, which of the following can be regarded as basic objectives of planning in India? I. A sizeable increase in the national income so as to raise the level of living in the country. II. Reduction of inequalities in income and wealth and a more even distribution of economic power.

Arrange the following economic plans and organizations of India in chronological order (from earliest to latest): (K) Bombay Plan (L) NITI Aayog (M) Visvesvaraya Plan (N) Planning Commission (O) National Development Council (NDC)

Which of the following are TRUE about the Bombay Plan (1944)? i) It laid thrust on state investment in infrastructure and heavy industries. ii) It proposed a planned economy to double the per capita income in 15 years. iii) It strictly opposed any form of state intervention in the economy. iv) It was drafted entirely by the British colonial government.