What is PC Mahalanobis' name talked about in the context of Five-Year Plans?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. He conceptualised the frammework for the second Five- Year Plan.
P.C. Mahalanobis is often associated with the development and implementation of economic planning in India, particularly in the context of Five-Year Plans. He was a renowned Indian scientist and statistician who played a crucial role in formulating India's Second Five-Year Plan (1956-1961).
Mahalanobis is best known for his pioneering work in the field of statistics and for advocating the use of statistical methods for economic planning and development. He founded the Indian Statistical Institute (ISI) in 1931, which became a key institution for research and training in statistics, contributing significantly to India's planning efforts.