Question

Which of the following statements correctly identifies the objectives of economic planning in India?

1. Modernization involves adopting the latest technologies and fostering societal changes, including the protection of women's rights and social security.
2. The primary goal of self-reliance is to increase dependence on foreign aid for industrial development.
3. Equity in economic planning aims to ensure that all citizens benefit from national progress and receive basic necessities, health protection, and a fair distribution of wealth.
4. Economic growth is considered unimportant in economic planning.

• A. 1, 3
• B. 1, 2
• C. 2, 4
• D. None of these

Answer 1

Answer:

A. 1, 3

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