Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Indian Economy:1950-1990

Question:

A farmer increased the production by using HYV seeds instead of normal seeds and a factory installed a new machine for increasing the productivity.
Which goal of 5-year plan has been taken care of in the above line?

Options:

Production

Equity

Modernization

Both 1 and 2

Correct Answer:

Modernization

Explanation:

The correct answer is Option 3: Modernization

There are 4 basic goals which shouldn't be countered i.e. Growth, modernization, Self-reliance and equity.
Modernization refers to the adoption of new technology for increasing the level of output.

Both the farmer using High Yielding Variety (HYV) seeds and the factory installing a new machine are examples of modernization. These actions involve adopting new technologies to improve productivity and efficiency in agriculture and industry.