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Which of the statements given above is/are correct?
i. The Bombay Plan was a proposal for establishing a planned economy in India, drafted by industrialists in 1944.
ii. The Planning Commission was created immediately after India gained independence in 1947.
iii. The consensus among leaders was that development should be solely managed by private sectors.
iv. The Prime Minister of India serves as the chairperson of the Planning Commission.
  • a)
    i and ii
  • b)
    ii and iii
  • c)
    i and iv
  • d)
    i, ii, and iv
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Which of the statements given above is/are correct?i. The Bombay Plan ...
- Statement i is correct because the Bombay Plan was indeed drafted by industrialists in 1944 to propose a planned economy for India.
- Statement ii is correct as the Planning Commission was established in 1950, shortly after India gained independence in 1947.
- Statement iii is incorrect; the consensus was that development could not be left to private sectors, which contradicts this statement.
- Statement iv is correct because the Prime Minister has historically served as the chairperson of the Planning Commission.
Thus, the correct answer is Option D: i, ii, and iv.
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Which of the statements given above is/are correct?i. The Bombay Plan was a proposal for establishing a planned economy in India, drafted by industrialists in 1944.ii. The Planning Commission was created immediately after India gained independence in 1947.iii. The consensus among leaders was that development should be solely managed by private sectors.iv. The Prime Minister of India serves as the chairperson of the Planning Commission.a) i and iib) ii and iiic) i and ivd) i, ii, and ivCorrect answer is option 'D'. Can you explain this answer?
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