π Multiple Choice Question
Economics
Which of the following statements about the second five-year plan is INCORRECT?
A
The plan stressed the rapid industrialisation of heavy and basic industries.
B
Electricity, Railway, Steel etc. industries were established during the plan.
C
The plan was based on the Keynesian Model.
D
The socialist pattern of the society was reflected in the plan.
Explanation
The Second Five-Year Plan was actually based on the Mahalanobis model, which prioritized rapid industrialization and investments in heavy industries.
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