Which of the following statement is correct regarding Second five year plan of India?
I. The targeted growth rate was 8.6 percent.
II. Rapid industrialisation was the objective of this plan.
Show answer & explanation
Correct answer: B
Explanation
Correct Answer:
Option 2: Only II
Explanation:
The main objective of India's Second Five-Year Plan (1956–61) was rapid industrialization, which was formulated based on the Mahalanobis model, so statement II is correct.
However, the targeted growth rate of this plan was 4.5%, not 8.6%, so statement I is incorrect.
Additional Facts:
The Second Five-Year Plan focused on the development of heavy industries.
This plan was based on the P.C. Mahalanobis model.
During this period, steel plants were established in Bhilai, Durgapur, and Rourkela.
This plan was an important step towards a socialist economy.
Possible Questions for the Upcoming Exam:
On which model was the Second Five-Year Plan based?
(Answer: Mahalanobis model)
What was the main objective of the Second Five-Year Plan?
(Answer: Rapid industrialization)
What was the duration of the Second Five-Year Plan?
(Answer: 1956–61)
What were the three major steel plants established during this plan?
(Answer: Bhilai, Durgapur, Rourkela)