Which of the following statement(s) is/are correct?
A. Only I
B. I and II
C. II and III
D. All of the above
Answer:D
Which of the following statement(s) is/are correct?
A. Only I B. I and II C. II and III D. All of the above
Explanation: Visvesvaraya’s ideas of state planning were an exercise in democratic capitalism (similar to the USA) with emphasis on industrialisation—a shift of labour from the agrarian set up to the industries targeting to double national income in one decade. Though there was no follow up by the British Government on this plan, it aroused an urge for national planning among the educated citizens of the country.