With reference to the goals of Five Year Plans in India, consider the following statements: 1. The goal of 'Modernisation' refers exclusively to the adoption of new technology in production processes. 2. The objective of 'Equity' aims to ensure that the benefits of economic prosperity reach the poor sections of society. 3. The first seven five-year plans completely abandoned the goal of 'Self-reliance'. Which of the statements given above is/are correct?

Correct Option The correct option is 2 only. Explanation The planning process in India was guided by four long-term goals: Growth, Modernisation, Self-reliance, and Equity. These objectives were intended to ensure comprehensive economic development while addressing social disparities. Statement-wise Analysis - Statement 1 is Incorrect. Modernisation does not refer exclusively to the adoption of new technology. While technological upgradation (e.g., new agricultural techniques or machinery) is a key component, modernisation in the context of Indian planning also encompasses changes in social outlook, such as the recognition of equal rights for women and the modernization of social institutions. - Statement 2 is Correct. The goal of Equity focuses on ensuring that the benefits of economic growth are not concentrated in the hands of a few but are shared among the broader population. It aims to enable the poor to meet basic needs like food, housing, education, and healthcare, thereby reducing inequality in wealth distribution. - Statement 3 is Incorrect. The first seven Five Year Plans explicitly emphasized the goal of Self-reliance. This strategy focused on avoiding imports of goods that could be produced domestically (import substitution) to reduce dependence on foreign countries for capital, technology, and food supplies. Key Takeaway Key Takeaway: The four central goals of India's Five Year Plans were Growth (increase in GDP), Modernisation (technology and social change), Self-reliance (reducing foreign dependence), and Equity (reducing inequality and ensuring basic needs).

With reference to the goals of Five Year… - NCERT Class 11 Economics MCQ

NCERT Class 11 Economics — Chapter 2: Indian Economy (1950-1990)

mcqmedium

With reference to the goals of Five Year Plans in India, consider the following statements:

The goal of 'Modernisation' refers exclusively to the adoption of new technology in production processes.
The objective of 'Equity' aims to ensure that the benefits of economic prosperity reach the poor sections of society.
The first seven five-year plans completely abandoned the goal of 'Self-reliance'.

Which of the statements given above is/are correct?

NCERT textbook question

From NCERT Indian Economic Development · Page 21

Options

A1 only
B1 and 3 only
C1, 2 and 3
D2 only

Did you get this right?

Solution

Correct Option

The correct option is 2 only.

Explanation

The planning process in India was guided by four long-term goals: Growth, Modernisation, Self-reliance, and Equity. These objectives were intended to ensure comprehensive economic development while addressing social disparities.

Statement-wise Analysis

Statement 1 is Incorrect. Modernisation does not refer exclusively to the adoption of new technology. While technological upgradation (e.g., new agricultural techniques or machinery) is a key component, modernisation in the context of Indian planning also encompasses changes in social outlook, such as the recognition of equal rights for women and the modernization of social institutions.
Statement 2 is Correct. The goal of Equity focuses on ensuring that the benefits of economic growth are not concentrated in the hands of a few but are shared among the broader population. It aims to enable the poor to meet basic needs like food, housing, education, and healthcare, thereby reducing inequality in wealth distribution.
Statement 3 is Incorrect. The first seven Five Year Plans explicitly emphasized the goal of Self-reliance. This strategy focused on avoiding imports of goods that could be produced domestically (import substitution) to reduce dependence on foreign countries for capital, technology, and food supplies.

Key Takeaway

Key Takeaway: The four central goals of India's Five Year Plans were Growth (increase in GDP), Modernisation (technology and social change), Self-reliance (reducing foreign dependence), and Equity (reducing inequality and ensuring basic needs).

Your note

More from Chapter 2: Indian Economy (1950-1990)

In the context of the Indian economy (1950-1990), the term 'Permit License Raj' primarily refers to:

easy

With reference to the 'Green Revolution', why was the first phase restricted to affluent states?

medium

With reference to the 'Green Revolution', consider the following statements regarding the risk of increasing disparities: 1. There was a fear that it would increase disparities between small and big farmers. 2. Only small farmers could afford the required inputs. 3. The government provided loans at low interest rates to small farmers to mitigate this risk. Which of the statements given above is/are correct?

medium

With reference to the trade policy followed in the first seven plans, consider the following statements: 1. Tariffs were used to specify the quantity of goods that could be imported. 2. The strategy was technically known as 'Import Substitution'. 3. The policy aimed to expose domestic industries to foreign competition. Which of the statements given above is/are correct?

medium

easy

Keep practising Chapter 2: Indian Economy (1950-1990)

Work through every question from this NCERT chapter.

Browse all NCERT Class 11 Economics chapters