The 'Mahalanobis Committee' was primarily associated with which Five-Year Plan in India?
Show answer & explanation
Correct answer: B
Explanation
Correct Answer:-
Second Five-Year Plan
Explanation:-
The 'Mahalanobis Model' (also known as the Nehru-Mahalanobis Model) served as the foundation for India's Second Five-Year Plan (1956–1961). The renowned Indian statistician Prashant Chandra Mahalanobis played a pivotal role in drafting this plan.
Key Points
Objective: The primary goal of the Second Five-Year Plan was rapid industrialization, with a specific focus on the development of basic and heavy industries.
Strategy: This model prioritized the 'Public Sector' and emphasized laying the industrial foundation for the country.
Outcome: It was during this plan period that major steel plants were established in Durgapur, Bhilai, and Rourkela.
Important Questions and Answers
Question: On which model was the First Five-Year Plan based?
Answer: The First Five-Year Plan (1951–1956) was based on the 'Harrod-Domar Model,' and it primarily focused on the development of the agricultural sector.
Question: How is Prashant Chandra Mahalanobis's birthday celebrated in India?
Answer: To honor his contributions, his birthday (June 29) is celebrated annually in India as 'National Statistics Day.'