Question 1 of 4intermediate💡 UnderstandMCQ1 mark

Which of these statements about the Bombay Plan is incorrect?

Exercise: EXERCISES | Q: 1 | (Page 9)
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Explanation

Option (B) is the incorrect statement. The provided text states that the Bombay Plan was drafted by 'big industrialists' and it wanted the state to take 'major initiatives in industrial and other economic investments'. It does not mention that the plan supported 'state-ownership of industry'. In fact, since the plan was created by private industrialists, suggesting they supported state ownership (which would displace them) contradicts the context provided. Options (A), (C), and (D) are correct based on the text: the plan was a 'joint proposal' (blueprint) made by 'big industrialists' for a 'planned economy' (supported planning).

Solution Steps

  1. Step 1: Analyze the text regarding the Bombay Plan's authors. The text states 'a section of the big industrialists got together... and drafted a joint proposal'. This confirms Option (C) is correct.

  2. Step 2: Analyze the text regarding the plan's objective. The text states it was a 'proposal for setting up a planned economy' and 'supported strongly the idea of planning'. This confirms Options (A) and (D) are correct.

  3. Step 3: Analyze Option (B). The text says the plan wanted the state to take 'major initiatives in industrial and other economic investments'. It does not equate these initiatives to 'state-ownership of industry'. Given that the authors were private industrialists, claiming the plan supported state ownership is factually inconsistent with the context and is the incorrect statement.

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