SSC
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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Tenth
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Eleventh
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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. The plan explores the allocation of investment between the different sectors of the economy.
Detailed explanation-2: -From 1956 to 1961, the second five-year plan was in force. The primary objective of the Mahalanobis Plan was to hasten industrialization in order to support stronger economic development and growth. In order to achieve this, Prof. Mahalanobis focused on the expansion of heavy, fundamental industries.
Detailed explanation-3: -The Nehru-Mahalanobis model was adopted in the second five-year Plan. The main objective of this plan was rapid industrialization with particular emphasis on the development of basic and heavy industries.