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Goals Of Five Year Plan

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Questions and Answers

What was the primary reason for the policy of modernization mentioned in the text?

To reduce the dependence on foreign countries, especially for food (correct)

To improve the distribution of wealth

To increase the production of goods and services for economic prosperity

To achieve high growth and modern technology

What is the significance of equity in the context of the text?

It ensures that economic prosperity benefits only the rich

It emphasizes the need to meet basic needs for all individuals, reducing wealth inequality (correct)

It focuses on achieving high growth and modernization

It aims to increase foreign interference in India's policies

What does the text emphasize as a key factor to improve the kind of life people are living?

High growth and modern technology

Production of goods and services in India

Dependence on foreign countries for food

Equity and reducing wealth inequality (correct)

What contributes to the structural composition of a country's economy?

Agricultural sector, industrial sector, and service sector Signup and view all the answers

Why is it feared that dependence on imported food supplies may make India’s sovereignty vulnerable?

It poses a risk to India's sovereignty through external control over food supplies Signup and view all the answers

What is one of the specified goals of a plan mentioned in the text?

Equity Signup and view all the answers

What does 'growth' refer to in the context of planning?

Larger stock of productive capital and services Signup and view all the answers

What is a good indicator of economic growth according to the text?

Steady increase in Gross Domestic Product (GDP) Signup and view all the answers

Why do planners have to make a choice about the goals in each plan according to the text?

To avoid contradicting the specified goals Signup and view all the answers

What analogy is used to explain 'growth' in the text?

A cake getting larger Signup and view all the answers