Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Indian Economy:1950-1990

Question:

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

Statement 1: The goals of the five year plans of India were: growth, modernisation, self-reliance and equality.

Statement 2: All the plans formulated in India have given equal importance to all these goals.

Options:

Only Statement 1 is correct.

Only Statement 2 is correct.

Both statements are correct.

None of the given statement is correct.

Correct Answer:

None of the given statement is correct.

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.