Q: Which economic model did Nehru advocate for India's economy?

A Capitalist
B Socialist
C Communist
D None of the above
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Answer: B

Explanation:

Answer: The correct answer is B) Socialist. Jawaharlal Nehru advocated a socialist model for the economy of India. Five-Year Plans were shaped by the Soviet model based on centralised and integrated national economic programs, no taxation for Indian farmers, minimum wage and benefits for blue-collar workers, and the nationalisation of heavy industries such as steel, aviation, shipping, electricity, and mining. Village common lands were seized, and an extensive public works and industrialisation campaign resulted in the construction of major dams, irrigation canals, roads, thermal and hydroelectric power stations, and many more.

Q: Which economic model did Nehru advocate for India's economy?

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