Statement (i) is true: The First Five Year Plan (1951-1956) laid stress on agriculture, irrigation, and power projects to boost farm output and lay the foundation for industrial growth. Statement (ii) is true: The plan was based on the Harrod-Domar model, which emphasized the role of savings and investment in economic growth. It was adapted to Indian conditions. Statement (iii) is false: The Second Five Year Plan (1956-1961) was based on the Mahalanobis model, which focused on rapid industrialization, particularly the development of heavy industries.
Which of the following statements are true about the first five year plan? (i) It was focused on agriculture and irrigation to boost farm output. (ii) It was based on the Harrod-Domar model with few modifications. (iii) It was followed the Mahalanobis model.
Asked in TNPSC CS Prelims 2024 · Topic: Planning (Evolution of Planning in India (Five-Year Plans era))
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