Which of the following is/are correct about Indian Planning Structure

1.	Which of the following is/are correct about Indian Planning Structure after Independence?1. The goals of the five-year plans were growth, modernization, self-reliance, and equity.2. The Third Five year Plan was based on the ideas of the Mahalanobis.1. 1 only2. 2 only3. Both 1 and 24. Neither 1 nor 2
Answer» Correct Answer - Option 1 : 1 only The correct answer is 1 only. The Planning Commission was set up in 1950 with the Prime Minister as its Chairperson. It started the era of five-year plans. The goals of the five-year plans were growth, modernization, self-reliance, and equity. Hence, Statement 1 is correct. This does not mean that all goals had equal importance. Due to limited resources, a choice should be made about their priorities. The Second Five year Plan was based on the ideas of the Mahalanobis. Hence, Statement 2 is incorrect. He is regarded as the architect of Indian planning. Mahalanobis established the Indian Statistical Institute (ISI) in Calcutta and started a journal, Sankhya.

Which of the following is/are correct about Indian Planning Structure after Independence?1. The goals of the five-year plans were growth, modernization, self-reliance, and equity.2. The Third Five year Plan was based on the ideas of the Mahalanobis.1. 1 only2. 2 only3. Both 1 and 24. Neither 1 nor 2

Answer» Correct Answer - Option 1 : 1 only

The correct answer is 1 only.

The Planning Commission was set up in 1950 with the Prime Minister as its Chairperson.
- It started the era of five-year plans.
- The goals of the five-year plans were growth, modernization, self-reliance, and equity. Hence, Statement 1 is correct.
- This does not mean that all goals had equal importance.
- Due to limited resources, a choice should be made about their priorities.
The Second Five year Plan was based on the ideas of the Mahalanobis. Hence, Statement 2 is incorrect.
- He is regarded as the architect of Indian planning.
- Mahalanobis established the Indian Statistical Institute (ISI) in Calcutta and started a journal, Sankhya.