SSC
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The book “Planning Economy for India” was written by?
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V.K.R.V. Rao
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M.Visvesvaraya
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K.N. Rai
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Manmohan Singh
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Explanation:
Detailed explanation-1: -In 1934, Sir M. Visvesvaraya had published a book titled “Planned Economy in India”, in which he presented a constructive draft of the development of India in next ten years. His core idea was to lay out a plan to shift labor from agriculture to industries and double up National income in ten years.
Detailed explanation-2: -The idea of economic planning for five years was taken from the Soviet Union under the socialist influence of first Prime Minister Pt. Jawahar Lal Nehru.
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