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Question

The idea of planning in India was drawn from

(a) the Bombay plan
(b) experiences of the Soviet bloc countries
(c) Gandhian vision of society
(d) Demand by peasant organisations

i. b and d only
ii. d and c only
iii. a and b only
iv. all the above

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Solution

The correct answer is option (iii)

Explanation
The concept of planned economic development was taken from the Soviet economic model, which established state control over industries and economic structure. The idea of planning was also endorsed by a group of industrialist who framed Bombay Plan and believed that the state must play a major role in industrial and other economic investments.

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