GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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First
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Second
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Third
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Fourth
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Detailed explanation-1: -The second five year plan (1956-1961) emphasised on long-term economic growth and hence patronised the development of basic and heavy industries. It followed the Mahalanobis model of development, prepared by an Indian statistician Prasanta Chandra Mahalanobis.
Detailed explanation-2: -Second plan was in action from the year 1956 to 1961. The Second Plan was particularly in the development of the public sector and “rapid industrialisation". The architect of the second plan and supporter of rapid was P. C. Mahalanobis. This plan focused on development of heavy industries.
Detailed explanation-3: -Second Plan (1956-61) was conceived in an atmosphere of economic stability. Statements 1 and 2 are correct: It was felt agriculture could be accorded lower priority. The Plan Focussed on rapid industrialization with particular focus on the development of heavy & basic industries.