Consider the following statements about the Second Five-Year Plan : 1. It was drafted under the leadership of K. N. Raj. 2. It proposed that industries like electricity, railways, steel, machineries and communication could be developed in the public secto

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Q: 58 (CDS-I/2017)
Consider the following statements about the Second Five-Year Plan :
1. It was drafted under the leadership of K. N. Raj.
2. It proposed that industries like electricity, railways, steel, machineries and communication could be developed in the public sector.
3. The drafters found balancing industry and agriculture very difficult.
4. The drafters found balancing industry and agriculture really easy.
Which of the statements given above is/are correct?

question_subject: 

Economics

question_exam: 

CDS-I

stats: 

0,54,36,5,16,63,6

keywords: 

{'year plan': [0, 0, 1, 8], 'public sector': [0, 1, 2, 4], 'industry': [4, 6, 11, 27], 'industries': [6, 0, 2, 2], 'agriculture': [5, 1, 0, 6], 'leadership': [2, 0, 3, 6], 'drafters': [0, 0, 0, 1], 'communication': [1, 0, 0, 0], 'machineries': [0, 0, 0, 1]}

The correct answer is option 3, which states that statements 2 and 3 are correct. Let`s dissect each option to understand the reasoning behind the answer:

Option 1 states that statement 1 is correct, implying that the Second Five-Year Plan was drafted under the leadership of K. N. Raj. However, this is incorrect because the Second Five-Year Plan was actually formulated under the leadership of P.C. Mahalanobis.

Option 2 states that statements 1 and 2 are correct. Statement 2 is accurate as the Second Five-Year Plan proposed the development of industries like electricity, railways, steel, machinery, and communication in the public sector. However, since statement 1 is incorrect, this option cannot be the correct answer.

Option 3 states that statements 2 and 3 are correct. As mentioned earlier, statement 2 is accurate. Statement 3 is also correct as the drafters of the Second Five-Year Plan did face difficulties in balancing industry and agriculture. This option aligns with the correct answer.

Option 4 states that statements 3 and 4 are correct. However, statement 4 is incorrect because the drafters did not find balancing industry and agriculture easy. Therefore, this option is not the correct answer.

In conclusion