NDA 2024 · PYQ · Indian Economy / Five-Year Plans · medium
Which one of the following statements regarding the objectives of the Second Five-Year Plan is not correct ?
A.Development of the basic and heavy industry sector
B.Increase in national income to raise living standards
C.Expansion of the consumer goods sector✓ Correct
D.Expansion of employment opportunities
Explanation
The Second Five-Year Plan (1956–61), based on the Mahalanobis model, emphasised rapid industrialisation with focus on the development of basic and heavy industries, increase in national income to raise standards of living, and expansion of employment opportunities. It did not prioritise expansion of the consumer goods sector; in fact, the strategy deliberately downplayed consumer goods in favour of capital and heavy industry. Hence statement (c) is not a correct objective of the Second Five-Year Plan.
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