WBCS.LIVE practice question

The Second Five Year Plan of India was based on

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

Answer options

  1. the Harrod-Domar Model
  2. the Solow Model
  3. the Mahalanobis Model
  4. the Mahatma Gandhiโ€™s Vision

Correct answer and explanation

Correct answer: the Mahalanobis Model

Explanation: โœ… Correct Answer: C) the Mahalanobis Model ๐Ÿ“š Explanation: The Second Five Year Plan (1956-1961) was based on the strategy developed by the statistician Prasanta Chandra Mahalanobis. This model emphasized heavy industrialization and the role of the public sector in economic growth. It aimed to make India self-reliant in capital goods.