Which one of the following is not among the aims of the Second Five Ye...
- The Second Five Year Plan followed the Mahalanobis model. The essence of the model is a shift in the pattern of industrial investment towards building up a domestic consumption goods sector
- The main objective of the Second Five Year Plan was rapid industrialization and increased productivity by upgrading the technology.
- The sizeable increase in the national income to raise the level of living
- To provide social and economic justice and increase employment.
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Which one of the following is not among the aims of the Second Five Ye...
The Second Five Year Plan (1956-57 to 1960-61) was an important phase in India's economic development. It aimed at accelerating the pace of development and achieving specific targets in various sectors. Among the aims of the Second Five Year Plan, three options are correct, but option 'C' is not among the aims of the plan. Let's discuss each aim in detail:
1. Rapid industrialization with particular emphasis on the development of basic and heavy industries:
- This aim focused on the growth and expansion of industries, especially basic and heavy industries, which form the backbone of an economy.
- The plan aimed to promote industries such as iron and steel, machinery, chemicals, and heavy engineering, which were crucial for the overall development of the country.
- The development of these industries would help in reducing dependence on imports, creating employment opportunities, and boosting the overall growth of the economy.
2. A large expansion of employment opportunities:
- This aim aimed at addressing the issue of unemployment by creating a large number of employment opportunities.
- The plan recognized the significance of providing jobs to the growing population and aimed at increasing employment opportunities in both rural and urban areas.
- The expansion of industries, agricultural development, and infrastructure projects were some of the key areas focused on to generate employment opportunities.
3. Reduction of inequalities in income and wealth and a more even distribution of economic power:
- This aim aimed at reducing the economic disparities prevalent in the society and achieving a more equitable distribution of wealth and income.
- The plan recognized the need to address the issue of income inequality and aimed at formulating policies that would benefit the marginalized sections of society.
- It focused on equitable growth and development, ensuring that the benefits of economic progress reach all sections of society.
4. Achieve self-sufficiency in food grains and increase agricultural production to meet the requirements of industry and exports:
- While this aim is not mentioned in the original question, it was indeed one of the key aims of the Second Five Year Plan.
- The plan aimed at achieving self-sufficiency in food grains to meet the growing population's requirements and reduce dependence on imports.
- It focused on increasing agricultural production through the implementation of modern farming techniques, provision of irrigation facilities, and expansion of agricultural infrastructure.
- The surplus agricultural production was not only meant for domestic consumption but also for supporting industrial development and enhancing exports.
In conclusion, among the given options, option 'C' is not among the aims of the Second Five Year Plan. The plan aimed at rapid industrialization, expansion of employment opportunities, reduction of inequalities, and achieving self-sufficiency in food grains.