Which of the following statements is are incorrect:

A. The planning commission was set up in 1950.
B. The first five year plan focused mainly on agriculture including investment in dams and irrigation.
C. India was technologically very advance at the time of independence.
D. The second five year plan focused on development of Industries.
E. The development was completely left to the private sectors.

Choose the correct answer from the options given below:

C and E only

The correct answer is Option (2) → C and E only

Given statements:

A. The planning commission was set up in 1950.
B. The first five year plan focused mainly on agriculture including investment in dams and irrigation.
C. India was technologically very advance at the time of independence. (Incorrect)
D. The second five year plan focused on development of Industries.
E. The development was completely left to the private sectors. (Incorrect)

Correction in the incorrect statements:

C. India was technologically very advance at the time of independence:

At the time of independence India was technologically backward, so it had to spend precious foreign exchange to buy technology from the global market. That apart, as industry attracted more investment than agriculture, the possibility of food shortage loomed large.

E. The development was completely left to the private sectors:

Despite the various differences regarding planning, there was a consensus on one point: that development could not be left to private actors, that there was the need for the government to develop a design or plan for development.