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Question
Which of these statements about the Bombay Plan is incorrect?
Options
It was a blueprint for India's economic future.
It supported state-ownership of industry.
It was made by some leading industrialists.
It supported strongly the idea of planning.
Solution
It supported state-ownership of industry.
Explanation:
The Bombay Plan is the term given to a group of ideas made during World War II for the development of India's post-independence economy. The Bombay Plan" was the name given to a 15-year economic plan for India proposed in January 1944 by a group of entrepreneurs and technocrats. Initially, it was exclusively available for private distribution. In response to the interest produced by the idea, it was soon published as a pamphlet.
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