AI-generated practice question — model-generated for extra practice, not a previous-year CBSE board question.
No, they are not less significant. The textbook clearly states: "it will be wrong to conclude that what cannot be measured is not important." Freedom, dignity, and security are equally vital aspects of development.
Source: Chapter 1, Income and Other Goals
The examiner expects you to directly answer "No" and justify using the textbook's own line. The key phrase to quote or paraphrase is: "what cannot be measured is not important" — and that this conclusion is wrong. Do not write a long explanation; one clear line with justification is enough for 1 mark.