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What is considered an essential requirement for planned economic development?

AResorting to external assistance

BDeficit financing

CMobilisation of resources

DIncreasing monetization of the economy

Answer:

C. Mobilisation of resources

Read Explanation:

  • "Mobilisation of resources is a sine-qua-non for planned economic development of the economy.

  • This directly establishes resource mobilization as an indispensable condition for planned development.

  • As development proceeds and the level of income in the economy rises, it should be able to mop up additional resources in the form of public borrowings and small savings


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