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Consider the following statements about the Second Five-Year Plan : 1.It was drafted under the leadership of K. N. Raj 2.It proposed that industries like electricity, railways, steel, machineries and communication could be developed in the public sector. 3.The drafters found balancing industry and agriculture very difficult. 4.The drafters found balancing industry and agriculture really easy. Which of the statements given above is/are correct?

Correct Answer: 2 and 3

Explanation:

The   Second   Five-year   plan   was drafted  under  the  leadership  of  P. C.   Mahalanobis. It   focused   on heavy    industries    and    followed socialist  pattern  of  society  as  its goal.Since savings and investment were growing in this period, a bulk of  these  industries  like  electricity railways,   steel, machineries   and communication could be developed in the public sector. However it had its   problems   as   well,because industry attracted more investment than  agriculture,  the  possibility  of food shortage became adverse.So, the    planners    found    balancing industry    and    agriculture    really difficult;  while  K.  N.  Raj  drafted sections  of  India’s  first  Five-Year Plan


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