ECONOMICS
ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Mahalanobis Modal was started in ____ Five year plan.
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First
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Second
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Tenth
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Eleventh
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Explanation:
Detailed explanation-1: -Mahalanobis Plan was India’s second five-year plan (1956-61) proposed by Professor Prasanta Chandra Mahalanobis. This plan gave priority to investment goods, as they were crucial for the further economic growth of India.
Detailed explanation-2: -Second Plan (1956–1961) The plan followed the Mahalanobis model, an economic development model developed by the Indian statistician Prasanta Chandra Mahalanobis in 1953.
Detailed explanation-3: -The Second Five Year Plan focused on the development of heavy industry.
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