Consider the following statement context with India’s planning commission: 1. A Planning in the sense of formal projects on the basis of the certain sets of assumption started only in the second five year plan in India. 2. The Mahalanobis model of growing corporate possibilities opened up the foreign trade.
Select the above correct statements.
Answer: A
Mahalanobis Model of growth incorporates the possibilities opened up the foreign trade is incorrect. In simple words this model was based upon a four sector plan frame, which represents an alternative approach to planning that focuses on the bottleneck created by shortage the capital goods rather than on the shortage of the aggregate savings as a previous model given by Harrod – Dobor model.