The Mahalanobis Model was used in which plan?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. Second.
The Mahalanobis Model was the basis for the Second Five-Year Plan (1956–1961). Named after statistician Prasanta Chandra Mahalanobis, it shifted India's focus toward rapid industrialization and the development of heavy industries to achieve long-term economic self-reliance.
Overview of Other Options:
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First Plan (1951–1956): Based on the Harrod-Domar Model, it prioritized agriculture, irrigation, and power projects to stabilize the economy after Partition.
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Fourth Plan (1969–1974): Aimed at "Growth with Stability" and "Progressive Achievement of Self-Reliance." It saw the nationalization of 14 major banks and the launch of the Green Revolution.
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Fifth Plan (1974–1978): Focused on Garibi Hatao (Poverty Alleviation) and "Justice," emphasizing employment and self-reliance. It was terminated a year early by the Janta Government.