Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Indian Economy:1950-1990

Question:
What is designing the socio-economic processes in such a way as to achieve an objective known as?
Options:
Economic growth
Economic development
Economic planning
Economic process
Correct Answer:
Economic planning
Explanation:
Economic planning refers to the utilization of resources in different economic activities in the most efficient ways. It is designed in such a way that it meets the national objectives and overall welfare of the people.