_________ 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.