Which of the following Five Year Plans was based on Mahalanobis' model of development?
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First Five Year Plan
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Second Five Year Plan
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Third Five Year Plan
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Fifth Five Year Plan
B
Correct answer
Explanation
The Second Five Year Plan (1956-61) was based on PC Mahalanobis' model which emphasized heavy industrialization and capital goods production. The Mahalanobis strategy prioritized development of steel, heavy machinery, and basic industries to create a strong industrial base for future growth. This model influenced Soviet-style planning in India.