Question : Why is P. C. Mahalanobis' name talked about in the context of five-year plans?
Option 1: He was the chairman of the Planning Commission.
Option 2: He established the Institute of Economic Growth.
Option 3: He conceptualised the framework for the Second Five-Year Plan.
Option 4: He was the finance minister during the First Five-Year Plan period.
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Correct Answer: He conceptualised the framework for the Second Five-Year Plan.
Solution : The correct option is He conceptualised the framework for the Second Five-Year Plan .
P. C. Mahalanobis is linked to India's Five-Year Plans, notably the Second Plan (1956–1961), for his pioneering Mahalanobis Model. As an influential statistician, he formulated a framework emphasising quantitative data for industrialisation and regional development, significantly shaping India's economic planning. His contributions played a crucial role in guiding the country's path to economic growth during this period.
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