Consider the following statements regarding P.C. Mahalanobis : I. He is known as the ‘Architect of Indian Planning’ for drafting the Second Five-Year Plan strategy. II. He founded Sankhyā : The Indian Journal of Statistics in 1933. III. The Mahalanobis Model emphasized heavy investment in agriculture and consumer goods. Which of the above statements are correct ?
I and II only
Prasanta Chandra Mahalanobis was a statistician who founded the Indian Statistical Institute (1931) and shaped India's early economic planning.
Statement I is correct: the Second Five-Year Plan (1956–61) was drafted on his two-sector and four-sector growth model, which is why he is called the architect of Indian planning.
Statement II is correct: he started the journal Sankhyā, The Indian Journal of Statistics, in 1933 and edited it for decades.
Statement III is incorrect: the Mahalanobis model gave priority to investment in heavy and capital-goods industries, not to agriculture and consumer goods; consumer goods were left largely to small and cottage industries.
So only statements I and II are correct, which rules out every choice that includes statement III.
I and II only option is correct.
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