The question asks to identify the book written by Sir M. Visvesvaraya that proposed planned economic development in India. This requires knowledge of prominent Indian personalities and their literary contributions to economic thought.
Correct Option: B) 'Planned Economy for India' is the book written by Sir M. Visvesvaraya in 1934. In this book, he presented a detailed blueprint for a ten-year plan for India's economic development, advocating for industrialization and state intervention in economic planning. This work is considered a pioneering effort in the field of economic planning in India.
The question asks to identify the Indian National Congress President who initiated the setting up of the National Planning Committee (NPC) in 1938. This requires knowledge of key historical events and personalities related to India's economic planning efforts during the pre-independence era.
B) Subhas Chandra Bose initiated the setting up of the National Planning Committee (NPC) in 1938 during his presidency of the Indian National Congress. He believed in the importance of planned economic development for independent India.
The question asks to identify the Chairman of the National Planning Committee, which was established in 1938. This requires knowledge of key historical figures and events related to India's pre-independence economic planning.
Correct Option: A) Jawaharlal Nehru was the Chairman of the National Planning Committee, despite Subhas Chandra Bose initiating its formation.
The question asks about the origin of the 'Bombay Plan' of 1944. This requires knowledge of significant economic planning initiatives in pre-independence India and the key figures involved in their formulation.
Correct Option: B) A group of eight leading Indian industrialists, including JRD Tata and G.D. Birla
The question asks about the central emphasis of the 'Gandhian Plan' of 1944. To answer this, one needs to recall the core tenets of Gandhian economic philosophy and how they were translated into this specific plan.
A) A decentralised economy built around self-sufficient villages, with priority given to agriculture and small-scale and cottage industries
This option accurately captures the essence of the Gandhian Plan, which was deeply rooted in Mahatma Gandhi's economic philosophy. It advocated for a decentralized economic structure where villages would be self-sufficient units, with agriculture and cottage industries forming the backbone of the economy. This approach aimed at promoting rural development, generating employment, and ensuring equitable distribution of wealth.
The question asks to identify the distinguishing feature of M.N. Roy's 'People's Plan' of 1945 compared to the 'Bombay Plan'. This requires understanding the core tenets of both plans, particularly their ideological foundations and proposed economic structures.