The second five year plan that called for the establishment of socialist pattern of society was commonly referred to as the-

Correct option is B

The correct answer is (b) Mahalanobis Plan.
· The Second Five Year Plan (1956-1961) in India is commonly referred to as the Mahalanobis Plan, as it was based on the economic model proposed by P.C. Mahalanobis, a renowned statistician.
· This plan focused on the rapid industrialization of the country and the establishment of a socialist pattern of society.
Key Features of the Second Five Year Plan:
· Emphasis on Heavy Industries: Focused on the growth of public sector industries like steel, heavy engineering, and machine tools.
· Reduction of Inequalities: Aimed to reduce income and wealth disparities in society.
· Role of Public Sector: Advocated for the dominant role of the public sector in key industries.
· Priority to Capital Goods: Emphasis was placed on producing goods like machinery and tools to lay the foundation for future industrialization.