Launched in 1951 India rsquo s first five year plan was based on which of the following economic mod...........

General Studies (MTS) Indian Polity

Launched in 1951, India’s first five-year plan was based on which of the following economic models to focus on agriculture and

irrigation to boost farm output?

This questions was previously asked in

SSC MTS 26th October 2021 Shift-3

Heckscher-Ohlin Model

Harrod-Domar Model

Mundell-Fleming Model

Cobb-Douglas Model

- Option 1: Heckscher-Ohlin Model

- Focuses on international trade and comparative advantage.

- Relies on varying factor endowments between countries.

- Option 2: Harrod-Domar Model

- Emphasizes the role of savings and investments.

- Suitable for analyzing the growth of long-term economic capital.

- Option 3: Mundell-Fleming Model

- Examines exchange rates and macroeconomics in open economies.

- Pertains more to international finance than economic planning.

- Option 4: Cobb-Douglas Model

- Describes relationships between inputs and outputs in production.

- Commonly used in microeconomics to depict production functions.

Submit Error