WBCS.LIVE practice question

The name of Prasanta Chandra Mahalanobis 1s associated with

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. Fourth Five-Year Plan

Correct answer and explanation

Correct answer: Second Five-Year Plan

Explanation: The name of Prasanta Chandra Mahalanobis is associated with the Second Five-Year Plan of India. 📚 Other Information: ▪️ The Second Plan (1956–61) focused on rapid industrialization and socialistic development. ▪️ It followed the Mahalanobis Model, which emphasized heavy industries and capital goods. ▪️ The plan aimed to build the industrial foundation of India. ▪️ Prasanta Chandra Mahalanobis was a renowned statistician and founder of the Indian Statistical Institute (ISI) in Kolkata. ▪️ This plan gave priority to steel, energy, and machine-building sectors. ▪️ It was inspired by the Soviet model of economic planning. ▪️ The plan also expanded employment and national income. ▪️ Despite targets not being fully achieved, it laid the base for industrial self-reliance.