GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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First Five Year Plan
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Second Five Year Plan
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Third Five Year Plan
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Fourth Five Year Plan
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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 Five Year Plan (1956 – 1961) The Second Five Year Plan revolved around the idea of developing the public sector and rapid industrialisation. The plan was allocated nearly 50 billion rupees in various fields to achieve targets. The scale of production and the production method was given a push for good.
Detailed explanation-3: -It was based on the Harrod-Domar model.
Detailed explanation-4: -India’s second five-year plan is known as the Mahalanobis Plan, as it was proposed by Professor Prasanta Chandra Mahalanobis. From 1956 to 1961, the second five-year plan was in force.