GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Agriculture
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Industry
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service
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none of these
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Detailed explanation-1: -The main objectives of the Second Plan are an increase of 25 per cent in real national income over the five-year period 1956–57 to 1960–61; a large expansion of employment opportunities; rapid industrialization; and reduction of economic inequalities.
Detailed explanation-2: -The Second Five Year Plan focused on the development of heavy industry.
Detailed explanation-3: -Second Five Year plan Its main focus was on the industrial development of the country. This plan lags behind its target growth rate of 4.5% and achieved a growth rate of 4.27%. However, this plan was criticized by many experts and as a result, India faced a payment crisis in the year 1957.
Detailed explanation-4: -As per the second five-year plan, five steel plants were built, including those in Durgapur, Bhilai and Rourkela. In cooperation with Britain, Durgapur Steel plant was built, Rourkela Steel plant was established in cooperation with Germany and Bhilai steel plant was started in cooperation with Russia.