Which Five-Year Plan (1956-1961) focused on the development of the public sector and rapid industrialisation, following the Mahalanobis model?
Answer and explanation
Correct answer: B. Second Five-Year Plan
- Step 1: The Second Plan (1956-1961) focused on the development of the public sector and 'rapid Industrialisation'. Answer: Second Five-Year Plan. The plan followed the Mahalanobis model, an economic development model developed by statistician Prasanta Chandra Mahalanobis in 1953. Why not the others: First Five-Year Plan, Third Five-Year Plan and Fourth Five-Year Plan don't fit.
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