Question

What is considered an essential requirement for planned economic development?

• A. Resorting to external assistance
• B. Deficit financing
• C. Mobilisation of resources
• D. Increasing monetization of the economy

Answer 1

Answer:

C. Mobilisation of resources

• "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