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What is the fundamental principle of planning?

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Question

What is the fundamental principle of planning?

Options

  • Proportionate distribution of resources and optimum use of human resources to fulfil people's needs

  • Use of foreign aid and imports to fulfil people's needs

  • Equal distribution of income among all workers irrespective of work

  • Concentration of resources in industrial sectors to maximise output

MCQ
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Solution

The fundamental principle of planning is the proportionate distribution of resources and optimum use of human resources to fulfil people's needs. This ensures resources are allocated where needed without waste.

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