Which of the following statements are correct about the Second Five-year Plan?

(A) It was drafted by a team of economists and planners under the leadership of P. C. Mahalanobis.
(B) It wanted to bring about quick structural transformation.
(C) It gave a big push to heavy industrialization.
(D) It gave a greater role to the private sector than the public sector for the development of basic and heavy industries.

Choose the correct answer from the options given below:

(A), (B) and (C) only

The correct answer is Option (3) → (A), (B) and (C) only

(A) It was drafted by a team of economists and planners under the leadership of P. C. Mahalanobis. (Correct).The Second Five-Year Plan was famously based on the Mahalanobis model, an economic development model formulated by the renowned statistician and planner Prasanta Chandra Mahalanobis.
(B) It wanted to bring about quick structural transformation. (Correct). The plan aimed to transform the Indian economy from an agrarian base to a more industrialised structure, focusing on heavy industry and infrastructure.
(C) It gave a big push to heavy industrialization. (Correct). It emphasised the development of steel plants, machine-building industries, and large-scale manufacturing to create a strong industrial base.
(D) It gave a greater role to the private sector than the public sector for the development of basic and heavy industries. (Incorrect). The Second Five-Year Plan's vision was based on a socialist model, which gave a dominant and extensive role to the public sector in developing basic and heavy industries. The private sector's role was largely limited to the consumer goods industry.