Civics

# Which of the following statements best reflects the 'socialist' feature of the Preamble to the Constitution of India?

Government should regulate the ownership of land and industry to reduce socio-economic inequalities

##### SOLUTION
The 'socialist' term was added in the Constitution by the 42nd Amendment in 1976. Indian brand of socialism is 'democratic socialism'. Democratic socialism holds faith in a 'mixed economy' where both the public and private sectors co-exist side by side. Wealth is generated socially and should be shared equally by society. The government should regulate the ownership of land and industry to reduce socio-economic equality.

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Single Correct Medium Published on 28th 10, 2020
Questions 93971
Subjects 9
Chapters 97
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