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Question
Which of these statements about the Bombay Plan is incorrect?
Options
It was a blueprint for India's economic future.
It supported state ownership of industry.
It was made by some leading industrialists.
It supported strongly the idea of planning.
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Solution
It supported state ownership of industry.
Explanation:
The Bombay Plan is the term given to a group of ideas made during World War II for the development of India's post-independence economy. The Bombay Plan" was the name given to a 15-year economic plan for India proposed in January 1944 by a group of entrepreneurs and technocrats. Initially, it was exclusively available for private distribution. In response to the interest produced by the idea, it was soon published as a pamphlet.
RELATED QUESTIONS
Which of the following ideas did not form part of the early phase of India’s development policy ?
Match the following :
| (a) Charan Singh | (i) Industrialization |
| (b) PC Mahalanobis | (ii) Zoning |
| (c) Bihar Famine | (iii) farmers |
| (d) Verghese Kurien | (iv) Milk Cooperatives |
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Which of the following is not a contributory factor for development?
The Socialist model of development was related to ______.
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The Chairman of the National Development Council is ______.
Who among the following was the first chairman of Tripura State Planning Board?
Local Self Government intends to improve ______.
Tripura State Planning Board was set up in ______.
Who appoints the Vice-Chairperson of NITI Aayog?
Engagement of local people in development project refers to ______.
The entire process of participatory development can be completed in ______.
Why was the Planning Commission replaced by NITI Aayog?
Observe the figure below and answer accordingly.
Which type of economic model was adopted by India?
Planning Commission was scrapped on
Which of the following is not a feature of Indian economic planning?
Read the following passage and answer the question.
"In the early years of Independence, two contradictory tendencies were already well advanced inside the Congress Party. On the one hand, the national party executive endorsed socialist principles of state ownership, regulation, and control over key sectors of the economy in order to improve productivity and at the same time curb economic concentration. On the other hand, the national Congress ·government pursued liberal economic policies and incentives to private investment that was justified in terms of the sold criterion of achieving a maximum increase in production". - Francine Frankel
What is the contradiction that the author is talking about? What would be the political implications of a contradiction like this?
What is the meaning and importance of economic planning in the Indian context?
Which two model of development India had adopted on the eve of independence?
When was Planning Commission set up in India by a simple resolution of the government of India?
When was NITI Aayog constituted?
Which of the following facts is/are incorrect about National Development Council?
Who among the following appoints the Vice Chairperson of NITI Aayog?
The idea of planning in India was drawn from
- The Bombay Plan
- Experiences of the Soviet Bloc countries
- Gandhian vision of Society
- Demand by Peasant organizations
