Question

First five year plan formed on which model?

• A. Herold -Domar Model
• B. P.C. Mahalanobis Model
• C. Both of above
• D. None of above

Answer 1

The correct option is A Herold -Domar Model

The First Five-Year Plan was based on the Harrod–Domar model with few modifications. The First Five-year Plan was launched in 1951 which mainly focused in development of the primary sector.