Which of the following is a feature of the Mahalanobis model used in Indian planning?
A. Emphasis on agriculture and consumer goods
B. Focus on export-led growth only
C. Emphasis on heavy industries and capital goods sector
D. Complete reliance on private sector investment
Answer: Option C
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:
The informal sector is marked by ease of entry, small-scale operations, labour intensity, lack of formal contracts and limited access to social security.
Explanation:
Issuing currency notes is the sole prerogative of the Reserve Bank of India. Commercial banks accept deposits, provide loans and create credit.
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