Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Indian Economy:1950-1990

Question:

All the five-year plans of India did not give equal importance to the goals of growth, modernization, self-reliance, and equity. What was the primary reason for this?

Options:

lack of experience

lack of resources

dismal performance of public sector

both 1 and 2

Correct Answer:

lack of resources

Explanation:

The goals of the five year plans were: growth, modernisation, self-reliance and equity. This does not mean that all the plans have given equal importance to all these goals. Due to limited resources, a choice has to be made in each plan about which of the goals is to be given primary importance. Nevertheless, the planners have to ensure that, as far as possible, the policies of the plans do not contradict these four goals.