JKSSB Mock Tests

Harrod Domar model was the main idea behind the Five Year Plan.

A. Third
B. First
C. Second
D. Fourth
Answer: Option B
Solution (By JKSSB Mock Tests Team)
The First Five-Year Plan (1951-1956) was based on the Harrod-Domar model with modifications, focusing on boosting savings and investment for agricultural development.
This Question Belongs to: General knowledge mcqs Economics set 1

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