Which of the following is a feature of the Mahalanobis model used in Indian planning?
A. Emphasis on heavy industries and capital goods sector
B. Complete reliance on private sector investment
C. Emphasis on agriculture and consumer goods
D. Focus on export-led growth only
Answer: Option A
Solution (By JKSSB Mock Tests)
The Mahalanobis model, used in the Second Five Year Plan, stressed the development of heavy and capital goods industries to build a strong industrial base.
Explanation:
Foreign direct investment is a component of the Capital Account. Current Account includes merchandise trade, invisibles (services), and unilateral transfers.
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