Which of the following statements about the second five-year plan is INCORRECT?
The plan was based on the Keynesian Model.
The Second Five-Year Plan (1956-1961)
- The Second Five-Year Plan of India was based on the Mahalanobis Model, not the Keynesian Model.
- It emphasized rapid industrialization, particularly focusing on heavy and basic industries like steel, railways, and power.
- The plan played a crucial role in shaping India's economy towards a socialist pattern of society, as envisioned in the Industrial Policy Resolution of 1956.
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Important Questions from Economics
Savings is that portion of money income that is .....
The persistent and appreciable full in level of prices and when the rate of change of price index is negative it is called as
While computing Net Economic Welfare (NEW), which of the following items is subtracted from GNP?
Which of the following statements are CORRECT for welfare economics?
A. Any competitive equilibrium leads to a Pareto efficient allocation of resources
B. Competitive equilibrium does not lead to Pareto efficient allocation of resources
C. Any efficient allocation can be attained by a competitive equilibrium given the market mechanism leading to redistribution
D. There will be no Pareto efficient allocation of resources in the society
Choose the correct answer from the options given below:
RBI The sale of a bond by the United States to individuals or institutions results in a ______.
I. Shortage of stock
II. Shortage in money supply
