Which Five Year Plan based on the National Goal of “Socialist Economy”?
Second Five Year Plan
In 1954 Parliament adopted the 'socialistic pattern of society' as the national objective of economic policy, and the Avadi session of the Congress (1955) endorsed it.
The Second Five Year Plan (1956-61), drafted on the Mahalanobis model, was the first plan built explicitly on this goal.
It stressed rapid industrialisation with emphasis on basic and heavy industries, a leading role for the public sector, and the Industrial Policy Resolution of 1956 reflected the same socialist objective.
The First Plan focused mainly on agriculture and irrigation, so the plan based on the socialist goal is the Second Plan.
Hence, Second Five Year Plan.
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Reason [R] : The mixed economy framework permits the co-existence of public and private sectors while allowing government intervention where necessary.
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1. N. Gopalaswamy Iyengar Committee suggested that a minister and a secretary be designated solely for pursuing the subject of administrative reform and promoting it.
2. In 1970, the Department of Personnel was constituted on the recommendation of the Administrative Reforms Commission, 1966, and this was placed under the Prime Minister's charge.
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Rajasthan Union was formed on 25 th March, 1948. Who was the head (Maharaj Pramukh) of it?
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In 1960, the bilingual state of Bombay was divided into which of the following two states?
