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NDA 2021 GAT · General Knowledge · Indian Economy · hard

The Second Five Year Plan (1956-61), based on the Mahalanobis model, gave the highest priority to

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The Second Five Year Plan (1956-61), based on the Mahalanobis model, gave the highest priority to
  1. A. agriculture and irrigation
  2. B. poverty removal through employment guarantees
  3. C. export promotion
  4. D. rapid industrialisation, especially heavy industries
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Answer: (D) rapid industrialisation, especially heavy industries

The Second Plan, drafted under P. C. Mahalanobis, emphasised capital goods and heavy industry, and led to steel plants at Bhilai, Rourkela and Durgapur. The First Plan (Harrod-Domar model) focused on agriculture and irrigation. Employment guarantee and export-led strategies came decades later.
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