SSC GD 2023 PYQ — Question 35

SSC GD Constable (English) - 25 Jan 2023 - Shift 4 • General Awareness • Q35

_________ model was followed in the first five year plan.
 

Show answer & explanation

Correct answer: A

Explanation

The Correct answer is option 1 i.e. Harrod-Domar

  • The Harrod–Domar model was the basis for India's first five-year plan.
  • First five-year plan ran from 1951–1956. 
  • The model suggests that economic growth is dependent on investment policies. 
  • The plan's main goal was to maximize India's per capita and individual income rate.