Question : The first Five Year Plan of the Government of India was based on
Option 1: Leontief input-output model
Option 2: Harrod-Domar model
Option 3: Mahalanobis two-sector model
Option 4: Mahalanobis four-sector model
Correct Answer: Harrod-Domar model
Solution : The correct option is Harrod-Domar model
The primary sector's development was the main focus of the first five-year plan. With few changes, the Harrod-Domar model served as the foundation for the First Five-Year Plan. In the year 1951, the Indian government launched it. Actual growth was 3.6% compared to the target growth rate of 2.1%. The model was Harrod-Domar.
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Question : Which five-year plan emphasised the development of industries and industrial base in India?
Option 1: Second
Option 2: Fourth
Option 3: Third
Option 4: First
Question : In which five-year plan was the process of economic reform introduced in India?
Option 1: Tenth
Option 2: Fifth
Option 3: Eighth
Option 4: Sixth
Question : Which road plan in India was the first attempt for the Road Development Programme between 1943 and 1963?
Option 1: Poona Road Plan
Option 2: Nagpur Road Plan
Option 3: Bombay Road Plan
Option 4: Lucknow Road Plan
Question : Which five-year plan in India was mainly focussed on Garibi Hatao, the creation of employment opportunities, and agricultural production amongst other objectives?
Option 1: Fifth
Option 4: Second
Question : Who among the following was the first person to discuss the poverty line in pre-independent India?
Option 1: Dadabhai Naoroji
Option 2: Mahalanobis
Option 3: B. R. Ambedkar
Option 4: R. K. Shanmukham Chetty
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