Which of the following Five Year Plans emphasized the need for establishing a “Socialist Pattern of Society” in India?
[amp_mcq option1=”2nd Five Year Plan” option2=”3rd Five Year Plan” option3=”4th Five Year Plan” option4=”5th Five Year Plan” correct=”option1″]
This question was previously asked in
UPSC Geoscientist – 2020
The Second Five Year Plan (1956-1961) explicitly adopted the objective of establishing a “Socialist Pattern of Society” in India. This plan was largely based on the Mahalanobis model.The socialist pattern of society implied that the state would play a dominant role in the economy, focusing on rapid industrialization, development of heavy industries, and expansion of the public sector to reduce inequalities and concentration of economic power.