Growth as Planning Goal
In the context of five year plans, 'Growth' refers to:
- Increase in population
- Increase in country's capacity to produce goods and services — Correct Answer
- Increase in government expenditure
- Increase in foreign investment
Explanation:
Correct Answer Explanation
Growth refers to increase in the country's capacity to produce goods and services.
Key Points:
- Measured by steady increase in GDP.
- Implies larger productive capital, larger supporting services (transport, banking), or increased efficiency.
📚 About this Topic — CH-2: INDIAN ECONOMY 1950–1990
This multiple choice question is from CH-2: INDIAN ECONOMY 1950–1990, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-2: INDIAN ECONOMY 1950–1990 to strengthen your preparation.
