Question

The Second Five Year Plan was drafted under the leadership of:

• A. K.N. Raj
• B. P.C. Mahalanobis
• C. J.C. Kumarappa
• D. P.C. Mahapatra

Answer 1

The Correct Option is B

The Second Five Year Plan in India was a significant framework focusing on the country's industrialization and economic growth. This plan prioritized the rapid expansion of industries, particularly heavy industries, with a view to lay a strong foundation for the country's self-reliant economy. 

The architect of the Second Five Year Plan was P.C. Mahalanobis. He played a pivotal role in shaping the plan and is renowned for introducing the 'Mahalanobis Model,' which emphasized the importance of investing in heavy industries to achieve long-term economic progress.

The plan, spanning from 1956 to 1961, was instrumental in shaping India's economy, and P.C. Mahalanobis' contributions provided a scientific approach to economic planning during that period.

Thus, the correct answer is P.C. Mahalanobis.

Answer 2

The Second Five Year Plan was drafted under the leadership of P.C. Mahalanobis.

Additional Context:

• Prasanta Chandra Mahalanobis was a renowned statistician and founder of Indian Statistical Institute
• His "Mahalanobis Model" emphasized heavy industrialization and import substitution
• Plan period: 1956-1961 (Nehruvian era of planned development)
• Key features: Focus on capital goods industries, establishment of PSUs, 24% allocation to industry
• Laid foundation for India's public sector-led industrial growth

Correct Answer: (2) P.C. Mahalanobis