Multiple choice

The concept of " mixed economy" in economic planning was introduced during

  1. First Five Year Plan.

  2. Second Five Year Plan.

  3. Third Five Year Plan.

  4. Fourth Five Year Plan.
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The concept of mixed economy - combining state-led and private sector development - was formally introduced during the Second Five Year Plan (1956-61). This plan was heavily influenced by the Mahalanobis model and emphasized industrialization with a dominant role for the public sector.

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