| 1. The major objective of first plan is to increase National Income by \[25%\] through rapid industrialisation. This plan was developed by Professor Mahalanobis. |
| 2. The major objective of second plan is to stimulate balanced economic development while correcting imbalances caused by World War II and partition. |
| The plan targeted the socio-economic development but the outcome was very poor. |
| 3. The major objective of third plan is continued emphasis on basic industries together with an increased outlay of 35% in agriculture and applied sectors. |
A) 1 only
B) 2 only
C) 3 only
D) 3 and 2
Correct Answer: C
Solution :
The major objective of first plan is to stimulate balanced economic development while correcting imbalances caused by World War II and partition. The plan targeted the socio-economic development but the outcome was very poor. The major Objective of second plan is to increase National Income by 25% through rapid industrialisation. This plan was developed by Professor Mahalanobis. The major objective of third plan is continued emphasis on basic industries together with an increased outlay of 35% in agriculture and applied sectors.
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