The ______ Five-Year Plan of India was founded upon the principles outlined in the IPR 1956.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Second.
- The Second Five-Year Plan, which attempted to provide the groundwork for a socialist social structure, was based on the Industrial Policy Resolution of 1956.
- The Second Five Year Plan (1956-1961) was based on the Mahalanobis model, which was proposed by P.C. Mahalanobis.
- The Second Five Year Plan was an Industrial and Transport Plan because the highest priority was given to strengthening the industrial base of the economy by developing the public sector, to achieve rapid Industrialisation.