Which of the following statements is false about the Second Five-Year Plan?

A) The Second Five Year Plan focused on expanding heavy industries.
B) The Congress party declared its goal of a capitalist development model before finalizing the Second Plan.
C) The Second Five Year Plan aimed for gradual transformation in one direction only.
D) Imposing tariffs on imports was one of the measures taken to protect domestic industries during the Second Five-Year Plan.

Choose the correct answer from the given options:

B and C only

The correct answer is Option 2 - B and C only

The correct statements are:

A) The Second Five Year Plan focused on expanding heavy industries.

D) Imposing tariffs on imports was one of the measures taken to protect domestic industries during the Second Five-Year Plan.

Correction in the incorrect statement:

B) The Congress party declared its goal of a SOCIALIST PATTERN OF SOCIETY, not capitalist development model before finalizing the Second Plan.

C) The Second Five Year Plan aimed for QUICK STRUCTURAL TRANSFORMATION BY MAKING CHANGES SIMULATANEOUSLY IN ALL POSSIBLE DIRECTIONS.

The Second FYP stressed on heavy industries. It was drafted by a team of economists and planners under the leadership of P. C. Mahalanobis. If the first plan had preached patience, the second wanted to bring about quick structural transformation by making changes simultaneously in all possible directions. Before this plan was finalised, the Congress party at its session held at Avadi near the then Madras city, passed an important resolution. It declared that ‘socialist pattern of society’ was its goal. This was reflected in the Second Plan. The government imposed substantial tariffs on imports in order to protect domestic industries. Such a protected environment helped both public and private sector industries to grow. As 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. Indeed, such a push for industrialisation marked a turning point in India’s development.