Consider the following statements about second five year plan 1 This focused strongly on the develop...........

Economic Affairs Planning in India

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Consider the following statements about second five year plan.

1.This focused strongly on the development of heavy industries.

2.The industrial sectors were under the control of the State.

3.Actual growth rate in this plan was more than the targeted growth rate.

How many of the statements given above are correct?

Only One

Only Two

All Three

None

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Explanation:

1 and 2 only

This focused strongly on the development of heavy industries. (Correct - The second five-year plan (1956-61) indeed emphasized the development of heavy industries to promote industrialization.)

The industrial sectors were under the control of the State. (Correct - The second five-year plan continued the emphasis on a mixed economy with a significant role for the state in the industrial sector.)

Actual growth rate in this plan was more than the targeted growth rate. (Incorrect - The actual growth rate during the second five-year plan (1956-61) fell short of the targeted growth rate.)