Which one among the following plans is also known as Mahalanobis Plan ?
- A.First Five Year Plan
- B.Second Five Year Plan
- C.Third Five Year Plan
- D.Sixth Five Year Plan
Correct answer
Explanation
The correct answer is B, Second Five Year Plan. The Second Five Year Plan (1956–61) was built on a growth model prepared by the statistician P. C. Mahalanobis, so it is called the Mahalanobis Plan.
The Mahalanobis model held that India could grow fast only by building its own capital goods, so the Second Plan shifted the focus from agriculture to rapid industrialisation, especially heavy and basic industries in the public sector. The steel plants at Bhilai, Durgapur and Rourkela were set up in this plan. Mahalanobis also founded the Indian Statistical Institute in Kolkata, and his birthday, 29 June, is observed as Statistics Day.
A is wrong because the First Plan (1951–56) was based on the Harrod-Domar model and gave priority to agriculture and irrigation.
C is wrong because the Third Plan (1961–66), known as the Gadgil yojana, aimed at self-reliance and was disrupted by the wars of 1962 and 1965.
D is wrong because the Sixth Plan (1980–85) focused on removing poverty.
Exam tip: First Plan, Harrod-Domar and agriculture; Second Plan, Mahalanobis and heavy industry.
Practice Questions
View allThe Reserve Bank of India defines narrow money as
- A.CU (currency notes + coins) + DD (net demand deposits held by commercial banks)
- B.CU + DD + saving deposits with post office savings banks
- C.CU + DD + net time deposits of commercial banks
- D.CU + DD + net time deposits of commercial banks + total deposits of post offices
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Narrow money, M1, is currency held by the public plus net demand deposits with commercial banks, the most liquid forms of money.
Read the full explanation →In National Income (NI) accounts, Personal Income (PI) is defined as
- A.NI - undistributed profits - net interest payments made by households - corporate tax + transfer payments to the households from the government and firms
- B.NI - undistributed profits - corporate tax + transfer payments to the households from the government and firms
- C.undistributed profits - net interest payments made by households + transfer payments to the households from the government and firms
- D.undistributed profits - net interest payments made by households - corporate tax
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Personal Income is the part of National Income that actually reaches households, plus the transfers they receive. National Income counts all factor incomes earned in the economy, but not all of it is paid out to people.
Read the full explanation →The Khushkhera-Bhiwadi-Neemrana Investment Region is a node of the Delhi Mumbai Industrial Corridor in which state?
- A.Haryana
- B.Rajasthan
- C.Uttar Pradesh
- D.Gujarat
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Khushkhera, Bhiwadi and Neemrana lie in the Alwar and Khairthal-Tijara belt of north-eastern Rajasthan, close to the Delhi border and on the Delhi-Jaipur highway, and the region is already a cluster of automobile ancillary, electronics and Japanese-owned units.
Read the full explanation →The Vikram Udyogpuri integrated industrial township, a node of the Delhi Mumbai Industrial Corridor, lies near which city?
- A.Indore
- B.Ujjain
- C.Bhopal
- D.Jabalpur
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Vikram Udyogpuri is an integrated industrial township developed near Ujjain in Madhya Pradesh as one of the state's two nodes in the Delhi Mumbai Industrial Corridor.
Read the full explanation →The National Industrial Corridor Development Corporation works under which ministry?
- A.The Ministry of Road Transport and Highways
- B.The Ministry of Commerce and Industry
- C.The Ministry of Heavy Industries
- D.The Ministry of Railways
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The National Industrial Corridor Development Corporation, which was earlier the Delhi Mumbai Industrial Corridor Development Corporation, is the implementing agency of the National Industrial Corridor Development Programme and functions under the Department for Promotion of Industry and Internal Trade in that ministry.
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