Question

(1) Which projects were started in the Second Five-Year Plan?
Which activities were given priority during the Second Five-Year Plan?​

Answer 1

Explanation:

1ans)The Second five-year plan assumed a closed economy in which the major trading action would be centered on importing capital goods. Hydroelectric power projects & 5 steel mills at Durgapur, Bhilai & Rourkela were set up. Atomic Energy Commission was formed in the year 1958 with Homi Bhaba as its chairman.

2ans)The total amount allocated under the Second Five-Year Plan in India was Rs.48 billion. This amount was allocated among various sectors: power and irrigation, social services, communications and transport, and miscellaneous. The second plan was a period of rising prices. The country also faced foreign exchange crisis.

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