Practicing Success

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:

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. Here the farmer used an upgraded technology and factory installed new type of machine to increase its output.