Which of the following is a feature of the Mahalanobis model used in Indian planning? MCQ with Answer and Explanation

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. Focus on export-led growth only
D. Emphasis on agriculture and consumer goods
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.

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A tariff is a:
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B. subsidy given to exporters
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Correct Answer: Option A


Explanation:
A tariff is a tax imposed on imported goods.

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Question #2
Which of the following is a characteristic of the short-run production function?
A. All factors are variable
B. At least one factor is fixed
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Correct Answer: Option B


Explanation:
In the short run, at least one factor of production is fixed, and the law of variable proportions operates.

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Correct Answer: Option B


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