HISTORY
MISCELLENOUS QUESTIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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1 only
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2 only
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Both 1 and 2
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Neither 1 nor 2
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Detailed explanation-1: -It was blueprint for India’s economic future. Explanation: Bombay Plan was a joint initiative of some big industrialists of setting up a planned economy for the country, because every investor or industrialist prefers an open economy where state control is minimum.
Detailed explanation-2: -Bombay Plan could not be regarded as the blueprint for India’s economic future as it talked of setting up of a body that would bring about planned development in India and that state must take a major role in industrial and other economic investments.
Detailed explanation-3: -The Bombay Plan was the economic plan for India proposed by a group of industrialists and technocrats in January 1944. A group of Indian industrialists issued A Plan for Economic Development, wherein, there was a strong endorsement of state economic intervention and planning.
Detailed explanation-4: -The plan, published in 1944/1945 by eight leading Indian industrialists, proposed state intervention in the economic development of the nation after independence from the United Kingdom (which took place in 1947).