Question

Which of these statements about the Bombay Plan is incorrect?
(a) It was a blueprint for India’s economic future.
(b) It supported state-ownership of industry.
(c) It was made by some leading industrialists.
(d) It supported strongly the idea of planning.n

Answer 1

Answer:

Hope it helps you.

Explanation:

B.

It supported state-ownership of industry.

Answer 2

Answer:

Option A: It was a blueprint for India’s economic future, is incorrect about the Bombay plan.

Explanation:

Bombay plan was drafted in the year 1944. Its main motive was that states should take initiatives in making industrial and economic investments and help build a planned economy. It was a set of proposal that was introduced by a group of industrialists and technocrats. It also said that economy could only grow with intervention from the government.

It did support planning and was made by some leading industrialists as per Option c and D. Statement A is incorrect.