UPSC Civil Services Model Paper 7

The Planning Commission was set up in 1950 with the Prime Minister as its Chairperson .
It started the era of five-year plans.
The goals of the five-year plans were growth, modernization, self-reliance, and equity.
Hence, Statement 1 is correct.
This does not mean that all goals had equal importance.
Due to limited resources, a choice should be made about their priorities.
The Second Five year Plan was based on the ideas of the Mahalanobis .
Hence, Statement 2 is incorrect.
He is regarded as the architect of Indian planning.
Mahalanobis established the Indian Statistical Institute (ISI) in Calcutta and started a journal, Sankhya .