Question 2 of 4intermediate💡 UnderstandMCQ1 mark

Which of the following ideas did not form part of the early phase of India's development policy?

Exercise: EXERCISES | Q: 2 | (Page 9)
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Explanation

The correct answer is Option (B) Liberalisation. The provided context highlights that the early phase of India's development was defined by Planning and state intervention. It explicitly states that while private investors might seek an 'open economy without any state control,' that was 'not what happened here.' Instead, the Bombay Plan and the government prioritized state ownership and planning. Therefore, Liberalisation, which implies reducing state control, did not form part of the early development policy.

Solution Steps

  1. Step 1: Analyze the context regarding the early phase of development. The text states there was a consensus on Planning and that the state needed to take major initiatives.

  2. Step 2: Examine the context regarding the nature of the economy. It mentions that the idea of an 'open economy' (associated with Liberalisation) was not adopted; rather, planning was the 'obvious choice.'

  3. Step 3: Compare the options. Planning is confirmed as a core idea. Liberalisation contradicts the stated policy of state planning and control.

  4. Step 4: Conclude that since Planning was central and an open economy was rejected, Liberalisation is the idea that did not form part of the early phase.

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