Q. 13.8( 4 Votes )

Which of these statements about the Bombay Plan is incorrect?

(a) It was a blueprint for India’s economic future.

(b) It supported state-ownership of industry.

(c) It was made by some leading industrialists.

(d) It supported strongly the idea of planning.

Answer :

The incorrect statement is A. It was blueprint for India’s economic future.


Explanation: Bombay Plan was a joint initiative of some big industrialists of setting up a planned economy for the country, because every investor or industrialist prefers an open economy where state control is minimum.


Objectives of Bombay plan:


1. The Bombay Plan wanted the state to take major initiatives in industrial and other economic investments.


2. proposed for setting up a planned economy in the country.


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