WBCS.LIVE practice question

The 'Mahalanobis Model' of economic development was adopted during which Five-Year Plan?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. First Five-Year Plan
  2. Second Five-Year Plan
  3. Third Five-Year Plan
  4. Fifth Five-Year Plan

Correct answer and explanation

Correct answer: Second Five-Year Plan

Explanation: āœ… Correct Answer: B) Second Five-Year Plan šŸ“š Explanation: The Second Five-Year Plan (1956-1961) was explicitly based on the famous economic model developed by the prominent Indian statistician P.C. Mahalanobis. This ambitious plan heavily shifted the national economic focus from agriculture towards rapid industrialization. It heavily prioritized the massive development of the public sector and heavy industries like steel and machinery.