Question : The planned economy in India is based on which system?
Option 1: Capitalist system
Option 2: Traditional system
Option 3: Command system
Option 4: Socialist system
Correct Answer: Socialist system
Solution : The correct answer is the Socialist system.
A planned economy is a type of economic system where the distribution of goods and services or the investment, production the allocation of capital etc. are focussed. The socialist system is the foundation of the planned economy in India.
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Question : In which year was the first Industrial Policy based on the mixed economy principle announced in India?
Question : 'Aloo Posto' is a traditional delicacy of which the state of India?
Question : Planned economic development in India began in ______ with the inception of the First Five-Year Plan.
Question : The National Commission on Agriculture (1976) of India has classified social forestry into how many categories?
Question : When was the Panchayati Raj System introduced in India?
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