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Question : 'A Plan of Economic Development for India', which was prepared by a cross-section of India's leading capitalists in 1944, was popularly known as the____________Plan.

Option 1: Mysore

Option 2: Calcutta

Option 3: Allahabad

Option 4: Bombay


Team Careers360 20th Jan, 2024
Answer (1)
Team Careers360 24th Jan, 2024

Correct Answer: Bombay


Solution : The correct option is Bombay.

The 'Plan of Economic Development for India' prepared by leading capitalists in 1944 was popularly known as the Bombay Plan. Crafted by influential industrialists like J. R. D. Tata and G. D. Birla proposed a mixed economy with a significant role for the state, aiming at balanced economic development and social justice.

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