UPSC Economics People as Resource Question Bank Structure of Economy and Human Resources in India

  • question_answer
    In India, planned economy is based on

    A) Gandhi an system

    B)        Socialist system

    C) Capitalist system 

    D)        Mixed economy system

    Correct Answer: B

    Solution :

    In India, planned economy is based on socialist system in which all have equal opportunities to education, healthcare, non-exploitation, equality of wealth etc. The concept was borrowed from Russia and is based on achieving directive principles mentioned in our constitution.

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