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Which of the following statements are correct about Bombay Plan?
(1) It was published by leading industrialist of India.
(2) It focused only on industrialization in India.
(2) It focused only on industrialization in India.
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'A'. Can you explain this answer?
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Which of the following statements are correct about Bombay Plan?(1) It...
Bombay Plan aimed to double the output of agricultural sector and a five-fold growth in industrial output.
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Which of the following statements are correct about Bombay Plan?(1) It...
Overview of the Bombay Plan
The Bombay Plan, formulated in 1944, was a significant document in the context of India's economic planning post-independence. It was crafted by a group of influential Indian industrialists.
Statement 1: Published by Leading Industrialists
- The Bombay Plan was indeed published by prominent industrialists of India, including figures like J.R.D. Tata and G.D. Birla.
- This statement is correct as it reflects the initiative taken by these industrialists to propose a roadmap for India's economic growth.
Statement 2: Focused Only on Industrialization
- While industrialization was a major focus of the Bombay Plan, it did not exclusively emphasize this aspect.
- The plan also highlighted the importance of agriculture, social welfare, and balanced regional development.
- Therefore, this statement is incorrect as it overlooks the broader objectives outlined in the plan.
Conclusion
Given the analysis of both statements:
- Statement 1 is correct.
- Statement 2 is incorrect.
Thus, the correct answer is option 'A': **1 only**. The Bombay Plan aimed for a balanced economic development strategy, advocating for both industrial growth and agricultural reforms.
The Bombay Plan, formulated in 1944, was a significant document in the context of India's economic planning post-independence. It was crafted by a group of influential Indian industrialists.
Statement 1: Published by Leading Industrialists
- The Bombay Plan was indeed published by prominent industrialists of India, including figures like J.R.D. Tata and G.D. Birla.
- This statement is correct as it reflects the initiative taken by these industrialists to propose a roadmap for India's economic growth.
Statement 2: Focused Only on Industrialization
- While industrialization was a major focus of the Bombay Plan, it did not exclusively emphasize this aspect.
- The plan also highlighted the importance of agriculture, social welfare, and balanced regional development.
- Therefore, this statement is incorrect as it overlooks the broader objectives outlined in the plan.
Conclusion
Given the analysis of both statements:
- Statement 1 is correct.
- Statement 2 is incorrect.
Thus, the correct answer is option 'A': **1 only**. The Bombay Plan aimed for a balanced economic development strategy, advocating for both industrial growth and agricultural reforms.
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Which of the following statements are correct about Bombay Plan?(1) It was published by leading industrialist of India.(2) It focused only on industrialization in India.a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?
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