Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

General Knowledge

Topic

Economics

Question:

Which if the following was NOT the goal of Five-year plans?

Options:

Growth

Modernization

Self-Reliance

Equality

Correct Answer:

Equality

Explanation:

When it was decided that India will start planning on how to achieve economic development, it was clear that some specific goals will have to be achieved. Thus, goals of the five year plans were: growth, modernisation, self-reliance and equity.

  • Growth: It refers to increase in the country’s capacity to produce the output of goods and services within the country.
  • Modernization: Adoption of new technology for increase in the production of goods and services.
  • Self-Reliance: Relying on own resources for the production of goods and services, also to eliminate or reduce imports in the country.
  • Equity: Bringing everyone on the similar platform according to their needs and requirements.