Question

The objective of 'Self-reliance' in economic planning aims to :

• A. Increase dependence on foreign aid.
• B. Attain self-sufficiency in various sectors and avoid foreign dependence.
• C. Promote international trade exclusively.
• D. Focus on importing advanced technology.

Answer 1

Answer:

B. Attain self-sufficiency in various sectors and avoid foreign dependence.

Objectives of economic planning 

1. Growth
   Economic growth indicates the increase in output of goods and services produced in the country. It is an important objective of economic planning as it contributes to national progress.

2. Modernisation

• Modernisation is making use of the latest technology.

• It also includes making a change in the perception of the society which involves protection of women’s rights, social security, and openness to social changes.

3. Self reliance

• The aim of self reliance is to attain self – sufficiency in agriculutral, industrial and service sectors using the available resoruces and to avoid foreign dependence.

4. Equity

• Ensuring equity is essential for the people to benefit the fruits of growth, modernisation, and self reliance
  

• The objective of equity will be attained when all citizens receive basic necessities of life, health protection and righteous distribution of wealth