Consider the following statements about Sarvodaya plan of 1950 1 It was one of the key initiatives o...........

Indian Economic System Planning in India

Consider the following statements about Sarvodaya plan of 1950.

1.It was one of the key initiatives of Jawaharlal Nehru towards planned development emphasizing heavily on development of heavy industries.

2.It suggested the use of foreign technology to make a transition from agrarian feudalism to industrial capitalism.

Which of the given statement/s is/are correct?

1 only

2 only

Both 1 and 2

Neither 1 nor 2

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Explanation:

Neither 1 nor 2

It was one of the key initiatives of Jawaharlal Nehru towards planned development emphasizing heavily on the development of heavy industries. (Incorrect - The Sarvodaya plan of 1950 was not one of Jawaharlal Nehru's initiatives. It was associated with Vinoba Bhave, a prominent follower of Mahatma Gandhi.)

It suggested the use of foreign technology to make a transition from agrarian feudalism to industrial capitalism. (Incorrect - The Sarvodaya plan did not emphasize the use of foreign technology or a transition to industrial capitalism. It was more aligned with Gandhian principles, focusing on rural development and community-based economy.)

So, the correct combination is "Neither 1 nor 2," which corresponds to option 4.