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:
Options:
A . 1 only
B . 3 only
C . 2 only
D . 3 and 2
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.
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