GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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First five year plan was based on?
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Herold -Domar Model
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P.C. Mahalanobis Model
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Both of above
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None of above
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Explanation:
Detailed explanation-1: -Question: Which five-year plan is known as the Gandhian plan? Answer: A third five-year plan is a correct answer. Under the leadership of Pandit Jawaharlal Nehru, the third Five-Year Plan was implemented from 1961 to 1966.
Detailed explanation-2: -The first five years (1951 – 1956) plan was drafted by the economist K.N Raj and was based on the Harrod-Domar model – a Keynesian model of an economic plan.
There is 1 question to complete.