Question
Which of the following is not a feature of India’s economic planning?
Answer: Option C
Answer: (c)
Indicative planning is peculiar to the mixed economy. In a mixed economy, the public and private sectors work together. In indicative planning, the private sector is neither rigidly controlled nor directed to fulfil the targets and priorities of the plan.
The state provides all types of facilities to the private sector but does not direct it, rather indicates the areas in which it can help in implementing the plan.
Under imperative planning, all economic activities and resources of the economy operate under the direction of the state. There is complete control over the factors of production by the state. There is no consumer’s sovereignty in such planning.
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Answer: (c)
Indicative planning is peculiar to the mixed economy. In a mixed economy, the public and private sectors work together. In indicative planning, the private sector is neither rigidly controlled nor directed to fulfil the targets and priorities of the plan.
The state provides all types of facilities to the private sector but does not direct it, rather indicates the areas in which it can help in implementing the plan.
Under imperative planning, all economic activities and resources of the economy operate under the direction of the state. There is complete control over the factors of production by the state. There is no consumer’s sovereignty in such planning.
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