Question 42
MediumOriginal questionWhich Five Year Plan was built on the Mahalanobis model and put its weight behind heavy industry?
Show the answer and explanation
CorrectNot quiteAnswer B
Correct answer: B
Explanation
The Second Plan, from 1956 to 1961, followed the model of P. C. Mahalanobis and directed investment into capital goods and heavy industry.
The First Plan, from 1951 to 1956, had been built on the Harrod-Domar model and concentrated on agriculture and irrigation after Partition.
The Industrial Policy Resolution of 1956, which reserved core industries for the state, belongs to the same moment.
Worth noting
Mahalanobis also founded the Indian Statistical Institute, which is why his name turns up in statistics questions as well as planning ones.
- Concept
- The model behind the Second Five Year Plan
- Typical timeTypical
- 40 s
- Your timeYours
- —
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