CA Foundation P4 · Chapter 10 · Question 7 of 15
The Second Five-Year Plan, which emphasised rapid industrialisation with a focus on heavy and basic industries, was based on the model developed by:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) P. C. Mahalanobis
Explanation
The Second Plan (1956-61) was based on the Mahalanobis model, which stressed investment in capital goods (heavy) industries to achieve long-term growth.
More Indian Economy MCQs
- Q9In 1969, the Government of India nationalised:
- Q10Which of the following was a feature of the New Industrial Policy of 1991?
- Q11In the period since the 1991 economic reforms, which sector has accounted for the largest share of India's GDP?
- Q12The 'drain theory', which argued that British rule transferred India's wealth to Britain, was propounded by:
- Q13Which of the following was a consequence of British colonial policy for the Indian economy?