Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Indian Economy:1950-1990

Question:

Which of the following is not a goal of the five-year plans?

Options:

Self reliance

Land ceiling

Equity

Modernisation

Correct Answer:

Land ceiling

Explanation:

There are 4 basic goals of the five year plans i.e. Growth, modernization, Self-reliance, and equity.

Growth - Growth refers to an increase in the country’s capacity to produce the output of goods and services within the country.

Self-reliance - Self-reliance basically means avoiding imports of goods that could be produced in India itself.

Modernization - Modernization refers to the adoption of new technology for increasing the level of output. Here the farmer used an upgraded technology and the factory installed a new type of machine to increase its output.

Equity - Equity makes sure that the economic development of the country is shared by all the citizens of the nation. It recognizes the needs of the individual and then accordingly action is taken.