|Consider the following statements:|
|1. The Mahalanobis model was implemented in the 2nd five year plan.|
|2. It focused on heavy industries. Choose the correct statements:|
A) Only 1
B) Only 2
C) Both 1 and 2
D) neither 1 nor 2
Correct Answer: C
Solution :The second five year plan is based on so called Mahalanobis model. This was the USSR model indianized by PC Mahalanobis, the founder of Indian Statistical Institute and a close aide of Nehru. The second five year plan, based on socialistic pattern, had targeted increase of 25 % in National Income by Rapid industrialization, however, achieved target was of only 20%. Further, per capita income grew by 8% only. Domestic production of industrial products was encouraged, particularly in the development of the public sector.
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