Who drafted a joint proposal for setting up a planned economy in India in 1944?
1) Private investors
2) Planning Commission members
3) Industrialists and big business entrepreneurs
4) The Bombay Municipal Committee

3

The correct answer is Option 3 - 3 (Industrialists and big business entrepreneurs)

The Bombay Plan was a significant economic and industrial development proposal formulated by a group of prominent Indian industrialists and big business entrepreneurs in 1944.
The Bombay Plan emphasized the need for a planned economy with an active role for the state in industrial and economic development.
It proposed measures such as the expansion of key industries, the promotion of domestic capital investment, the establishment of public sector enterprises, and the development of infrastructure.