Political Science · Governance and Public Policy in India
The very first Five Year Plan of India was based on the model of:
AThe Mahalanobis model
BThe Harrod-Domar model ✓ Correct
CThe Bombay Plan
DNone of these
Correct answer: (B) The Harrod-Domar model — The First Plan was based on the Harrod-Domar model, so the answer is the Harrod-Domar model.
Explanation
★The First Plan was based on the Harrod-Domar model, so the answer is the Harrod-Domar model.
★It linked growth to savings and investment.
★The First Plan focused on agriculture and irrigation.
★The Mahalanobis model came with the Second Plan.
★So the First Plan used the Harrod-Domar approach.
★So the answer is the Harrod-Domar model.
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