GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Pt. Jawarlal Nehru
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P C Mahalnobis
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V K R V Rao
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R C Desai
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Detailed explanation-1: -P.C. Mahalanobis, in full Prasanta Chandra Mahalanobis, (born June 29, 1893, Calcutta [now Kolkata], India-died June 28, 1972, Calcutta), Indian statistician who devised the Mahalanobis distance and was instrumental in formulating India’s strategy for industrialization in the Second Five-Year Plan (1956–61).
Detailed explanation-2: -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. The plan explores the allocation of investment between the different sectors of the economy.
Detailed explanation-3: -The first five years (1951 – 1956) plan was drafted by the economist K.N Raj and was based on the Harrod-Domar model – a Keynesian model of an economic plan.