​Which model was the First Five Year Plan based on? ​

Correct option is A

The correct answer is (A) Harrod-Domar.

Explanation:

• The First Five-Year Plan (1951-1956) was based on the Harrod-Domar Model, which focused on economic growth through investment and saving.

Incorrect Options Explanations:

• Gadgil Yojana: A policy focusing on regional disparities and the balanced growth model in later years.
• John W Miller: Not related to India's Five-Year Plans.
• PC Mahalanobis Model: Used in the Second Five-Year Plan for a more industrial focus.

Information Booster:

• Harrod-Domar Model emphasizes investment and savings for economic growth.
• The First Five-Year Plan was focused on agriculture and irrigation, with heavy reliance on public investment.
• Government: The Government of India was under the leadership of Jawaharlal Nehru, the Prime Minister.
• Year of the plan: The First Five-Year Plan was launched in 1951.