Which of the following statement (s) is/are correct?

Statement 1: Adoption of new technology is called modernisation.

Statement 2: Modernisation does not refer only to the use of new technology but also to changes in social outlook such as the recognition that women should have the same rights as men.

Both statements are correct.

Adoption of new technology is called modernisation. To increase the production of goods and services the producers have to adopt new technology. For example, a farmer can increase the output on the farm by using new seed varieties instead of using the old ones. Similarly, a factory can increase output by using a new type of machine.

However, modernisation does not refer only to the use of new technology but also to changes in social outlook such as the recognition that women should have the same rights as men. In a traditional society, women are supposed to remain at home while men work. A modern society makes use of the talents of women in the work place — in banks, factories, schools etc. — and such a society in most occassions is also prosperous.