Practicing Success
Practicing Success
CUET Preparation Today
What is the primary role of the market in India's plans? |
To assist the government in determining the goals of the plan To assist the government in determining the duration of the plan To determine the production of goods and services not covered by the plan All of the above |
To determine the production of goods and services not covered by the plan |
India’s five year plans did not spell out how much of each and every good and service is to be produced. This is neither possible nor necessary (the former Soviet Union tried to do this and failed). It is enough if the plan is specific about the sectors where it plays a commanding role, for instance, power generation and irrigation, while leaving the rest to the market. |
