Q139 / 270 · NDA 2018 (Phase 2) · General Ability
The Nehru-Mahalanobis Strategy of Development was implemented for the first time by which one of the following Five-Year Plans?
- AFirst Five-Year Plan
- Correct answerBSecond Five-Year Plan
- CThird Five-Year Plan
- DSeventh Five-Year Plan
Solution
Nehru-Mahalanobis model was created as an analytical framework for India's Second Five Year Plan in 1955 by appointment of Prime Minister Jawaharlal Nehru, as India felt there was a need to introduce a formal plan model after the First Five Year Plan (1951-1956). This model is known to have set the statistical foundations for state-directed investments and created the intellectual underpinnings of the license-raj through an elaborate input-output model.
Hence, the correct answer is option: 'B'.