Consider the following statements

1.Indian Statistical institute was established in Calcutta by Mahalanobis.

2.The second five-year plan was based on the Mahalanobis model.

Which of the statements given above is/are correct?

1. Only 1
2. Only 2
3. Both 1 and 2
4. Neither 1 nor 2

The correct answer is Both 1 and 2.

• Indian Statistical Institute in Calcutta was founded by Prasanta Chandra Mahalanobis.
• For his contributions, Mahalanobis has been considered the father of modern statistics in India.
• Therefore statement 1 is correct.
• The Second Five Year Plan(1956-61) was based upon the Mahalanobis model and it emphasized the industrial sector, particularly heavy industries.
• Mahalanobis played a key role in formulating the plan. Hence statement 2 is correct.

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• Five year plans details are as below-
  • 1. First - 1951-1956, it was based on the Harrod-Domar Model.
  • 2. Second - 1956-61, PC Mahalanobis Model.
  • 3. Third- 1961-66 - Gadgil Plan
  • 4. Plan Holidays - 1966-69
  • 5. Fourth - 1969 to 1974, under the leadership of Indira Gandhi.
  • 6. Fifth - 1974-78, focused on Garibi Hatao.
  • 7. Rolling Plan  - 1978 to 1980.
  • 8. Sixth - 1980 to 1985, based on Investment Yojna.
  • 9. Seventh - 1985-90, under Rajiv Gandhi's leadership.
  • 10. Annual Plans - 1990-92.
  • 11. Eight Plan - 1992-97, priority given to the development of human resources.
  • 12. Ninth Plan - 1997-02, focused on 'growth with justice and equality'.
  • 13. Tenth Plan - 2002-07 - focused to double per capita income.
  • 14. Eleventh Plan - 2007-12 - prepared by C Rangarajan.
  • 15. Twelfth Plan - 2012-17- the theme was 'faster, more inclusive, and sustainable growth'.