Question:medium

India’s Second Five-Year Plan (1956-61) was developed based on

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The Second Five-Year Plan emphasized heavy industrialization and public sector expansion under the Mahalanobis strategy.
Updated On: Jun 5, 2026
  • Harrod-Domar Model
  • Mahalanobis Model
  • Gadgil Formula
  • Solow Model
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The Correct Option is B

Solution and Explanation

Step 1: Place the plan in time.
The Second Five Year Plan ran from $1956$ to $1961$, and its big goal was heavy industry.

Step 2: Link the plan to its author.
The statistician P. C. Mahalanobis drew up the strategy, so the plan carries his name. It stressed capital goods and the public sector.

Step 3: Rule out the rest.
The Harrod Domar idea guided the First Plan. The Gadgil formula deals with sharing funds among states. The Solow model came later and was never used for this plan.

Step 4: Conclude.
The Second Plan rests on the Mahalanobis model.
\[ \boxed{\text{Mahalanobis Model}} \]
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