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It is a conscious design to shape the socio-economic processes in order to achieve an objective: -

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Question

It is a conscious design to shape the socio-economic processes in order to achieve an objective: 

Options

  • Economic planning

  • Economic development

  • Economic growth

  • Economic infrastructure

MCQ

Solution

Economic planning

Explanation:

It refers to the allocation of a country's resources to various development activities based on national priorities. 

shaalaa.com
Introduction to Indian Economy 1950-1990
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