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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 only
2. 2 only
3. Both 1 and 2
4. Neither 1 nor 2

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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 MahalanobisHence, 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.

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