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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