Question

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

• A. Harrod-Domar Model
• B. Mahalanobis Model
• C. Gadgil Formula
• D. Solow Model

Hint:

The Second Five-Year Plan emphasized heavy industrialization and public sector expansion under the Mahalanobis strategy.

Answer 1

The Correct Option is B

Step 1: Recall the objective of the Second Five-Year Plan.
India’s Second Five-Year Plan covered the period
\[ 1956-1961 \] and emphasized rapid industrialization and development of heavy industries.

Step 2: Identify the model used.
The plan was formulated under the guidance of statistician and economist
\[ P.C.\ Mahalanobis \] and therefore became known as the Mahalanobis Model.

Step 3: Understand the features of the Mahalanobis Model.
The model focused on:
Development of capital goods industries Expansion of public sector industries Long-term industrial growth

Step 4: Analyze the other options.

(A) Harrod-Domar Model: Mainly emphasized savings and investment for growth and influenced the First Five-Year Plan.

(C) Gadgil Formula: Related to allocation of central assistance among states, not the Second Plan model.

(D) Solow Model: A neoclassical growth model developed later and not used for the Second Five-Year Plan.

Step 5: Final conclusion.
Therefore, India’s Second Five-Year Plan was based on the
\[ \boxed{\text{Mahalanobis Model}} \]