Which goal of the five-year plans emphasizes the need for a larger stock of productive capital and supporting services?
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → Growth
Growth means a rise in the country’s capacity to produce. It comes from a larger stock of productive capital, a larger size of supporting services such as transport and banking, or more efficiency.
Option (1) Growth — Correct. More capital and services raise the capacity to produce.
Option (2) Modernisation — Incorrect. It means new technology and a modern social outlook.
Option (3) Self-reliance — Incorrect. It means avoiding imports of goods made at home.
Option (4) Equity — Incorrect. It means the gains reach the poor sections too.
NCERT (2026-27): “2.2 The Goals of Five Year Plans … Growth: It refers to increase in the country’s capacity to produce the output of goods and services within the country. It implies either a larger stock of productive capital, or a larger size of supporting services like transport and banking, or an increase in the efficiency of productive capital and services. A good indicator of economic growth, in the language of economics, is steady increase in the Gross Domestic Product (GDP). …” |