BPSC 60th-62nd Prelims Exam 12 Feb 2017 Solved Paper

The First Five-year Plan was launched in 1951 which mainly focused in development of the primary sector. It was based on the Harrod Domar Model. The Harrod-Domar model is a Keynesian model of economic growth It is used in explaining an economy's growth rate in terms of the level of saving and productivity of capital.