GENERAL KNOWLEDGE

GK

INDIAN ECONOMY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The Rolling Plan for backward countries was suggested by:
A
Gunnar Myrdal
B
W.A. Lewis
C
R. Nurkse
D
Samuelsn
Explanation: 

Detailed explanation-1: -Notes: The Rolling Plan for backward countries was suggested by Gunnar Myrdal. The rolling plan consists of three different steps, First, a plan for the current year which includes the annual budget.

Detailed explanation-2: -Rolling Plan was the sixth five year plan introduced by the Janata Government for the time period 1978-83, after removing the fifth five year plan in 1977-78.

Detailed explanation-3: -The Rolling Plan is a plan in which every year the performance of the plan is assessed and a new plan is made next year based on this assessment. Thus, both the allocation and targets are revised during this plan.

Detailed explanation-4: -Detailed Solution. Rolling Plan is a plan which is designed to continue over a period of time and is subject to regular review and updating. Karl Gunnar Myrdal was a Swedish economist, sociologist and politician.

There is 1 question to complete.