The Bombay Plan proposed:

Correct answer: (e) None of the above/More than one of the above

Explanation

The ‘Bombay Plan’ was presented in 1944 by a group of leading Indian industrialists. Under this plan, rapid economic growth of the Indian economy was advocated through proposals based on import substitution and industrialisation. At the same time, it reflected the need for state intervention and planned development in the country’s economic development, along with the need for public sector undertakings, which shows an abandonment of some capitalist features. On this basis, the correct answer will be option (e).