The correct answer is ​P.C.Mahalanobis.

• The second Five-Year Plan was based on the PC Mahalanobis model.
• Its draft was prepared by P.C. Mahalanobis.

• Its purpose was to establish a socialist society.
• It was during this light that the 1948 Industrial Policy Resolution was revised and therefore the new resolution of 1956 was adopted.
• There was an emphasis on the expansion of the public sector and the establishment of a socialistic pattern of society.
• This plan was an “Industrial and Transport Plan” in contrast to the primary plan which was called the Agriculture and Irrigation Plan.
• Originally the second plan proposed a complete public sector outlay of Rs. 4800 crores though actual outlay was only Rs. 4672 crore.​

• The National Development Council (NDC) headed by the Prime Minister with all Chief Minister and cabinet ministers is the final authority to approve the five-year-long policy.
  • The Planning Commission was an institution in the Government of India, which formed India's Five-Year Plans.
• In 2014, Prime Minister Shri Narendra Modi announced to dissolve the Planning Commission and replace it by a new institution named NITI Aayog.
• The Finance Ministry or Ministry of Finance is a ministry that concerns itself with taxation, financial legislation, financial institutions, capital markets, centre and state finances, and the Union Budget.
• Current Finance Minister of India - Nirmala Sitharaman
• Minister of State for Finance - Shri Pankaj Chaudhary(August 2021).
• ​International Monetary Fund (IMF) was initiated in 1944 at the Bretton Woods Conference. Headquartered in Washington, D.C.