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Doctors Medicines MCQs Q&A

  1. Heckscher-Ohlin Model
  2. Cobb-Douglas Model
  3. Harrod-Domar Model
  4. Mundell-Fleming Model
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Option 3 : Harrod-Domar Model

The correct answer is Harrod-Domar Model.

  • First Five Year Plan:
    • The first Indian prime minister, Jawaharlal Nehru, presented the First Five-Year Plan to the Parliament of India.
    • The First Five-year Plan was launched in 1951 and mainly focused on the development of the primary sector.
    • The First Five-Year Plan was based on the Harrod–Domar model with few modifications.
    • The target growth rate was 2.1% annual gross domestic product (GDP) growth; the achieved growth rate was 3.6% the net domestic product went up by 15
    • Many irrigation projects were initiated during this period, including the Bhakra, Hirakud, Mettur Dam, and Damodar Valley dams.
    • At the end of the plan period in 1956, five Indian Institutes of Technology (IITs) were started and The University Grants Commission (UGC) was set up.
    • Contracts were signed to start five steel plants, which came into existence in the middle of the Second Five-Year Plan.
    • The plan was quasi-successful for the government.

  • Planning Commission, an agency of the government of India established in 1950 to oversee the country’s economic and social development, chiefly through the formulation of five-year plans.
  • Five-year plan first-time was Introduced by Stalin in the Soviet region.
  • First Five Year Plan(1951-1956):
    • It is based on Harrod-Domar Model.
    • It mainly focused on Agriculture.
    • Community Development Program is also introduced in this Plan.
  • Second Five Year Plan(1956-1961):
    • It is based on Mahalanobis Model.
    • It mainly focused on Industry.
    • Steel plants at Bhilai, Durgapur, and Rourkela were established with the help of Russia, Britain (the U.K), and West Germany respectively.
  • Fourth Five Year Plan(1969-1974):
    • It is based on Ashok Rudra Alon Model.
    • The smiling Buddha project was also introduced in this Plan.
    • 14 Commercial Banks were also Nationalised in this Plan.
  • Fifth Five-Year Plan(1974-1979):
    • It is based on D.P.Dhar Model.
    • The slogan "Garrebe Hatao" was also introduced in this plan.
    • Regional Rural Bank was established In this Plan(2 October 1975).
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Related Questions

In the following question, two columns are given containing three phrases each. In the first column phrases are A, B, and C and in the second column, the phrases are D, E, and F. A phrase from the first column may or may not connect with phrase from the second column to make grammatically and contextually correct sentence. There are five options, four of which display the sequence(s) in which the phrases can be joined to form a grammatically and contextually correct sentence. If none of the options forms a correct sentence after combination, select ‘None of these’ as your answer. Column 1 Column 2  A. A cable car taking visitors to a mountaintop view of some of northern Italy’s    D. relatively rare but doctors suspect that the sudden increase in the infection could further complicate India’s fight against the pandemic.  B. Scientists have unearthed a 43-million-year-old fossil of an extinct  E. products claiming to be cures and preventions are on the rise.  C. China reopened a key terminal at the world's third-busiest cargo, after a shutdown to  F. four-legged whale that once lived both on land and in the sea, making it amphibious.?
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