Question
Which one of the following is not a feature of India’s economic planning?
Answer: Option B
Answer: (b)
Imperative planning is not a feature of the economic planning of India. In the case of imperative planning economic activities belong to the public sector.
In this type of planning economic decisions are made through a central planning authority instead of a market system. There is the absence of institutions of private property, competition and profit motive of industrialists.
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Answer: (b)
Imperative planning is not a feature of the economic planning of India. In the case of imperative planning economic activities belong to the public sector.
In this type of planning economic decisions are made through a central planning authority instead of a market system. There is the absence of institutions of private property, competition and profit motive of industrialists.
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