Economic Development And Five Year Plans
Question
Consider the following statement
Which among the following statement is correct:
- The major objective first plan is to increase national Income by 25% through rapid industrialisation. This plan was developed by Professor Mahalanobis.
- The major objective of the second plan is to stimulate balanced economic development while correcting imbalances caused by World War II and partition. The plan targeted socio-economic development but the outcome was very poor.
- The major objective of the third plan is continued emphasis on basic industries together with an increased outlay of 35% in agriculture and applied sectors.
Which among the following statement is correct:
Next Question
Answer: Option B
Answer: (b) The major objective of the first plan is to stimulate balanced economic development while correcting imbalances caused by World War II and partition. The plan targeted socio-economic development but the outcome was very poor. The Major Objective of the second plan is to increase National Income by 25% through rapid industrialisation. This plan was developed by Professor Mahalanobis. The major objective of the third plan is continued emphasis on basic industries together with an increased outlay of 35% in agriculture and applied sectors.
Answer: (b) The major objective of the first plan is to stimulate balanced economic development while correcting imbalances caused by World War II and partition. The plan targeted socio-economic development but the outcome was very poor. The Major Objective of the second plan is to increase National Income by 25% through rapid industrialisation. This plan was developed by Professor Mahalanobis. The major objective of the third plan is continued emphasis on basic industries together with an increased outlay of 35% in agriculture and applied sectors.
Check All Economic Development And Five Year Plans Questions (MCQs)
Check All Planning Questions (MCQs)
More Questions on This Topic :
Question 8. The Gandhian Plan was expounded in 1944 by....
Question 9. The core slogan of Seventh Plan was ....
Submit Solution