Question

Q. Socialism aims to end poverty, ignorance, disease, and inequality of opportunity. In this context, consider the following statements:

Which of the above statements is/are correct?

• A. 1 only
• B. 2 only
• C. Both 1 and 2
• D. None of the above

Answer 1

The correct option is B 2 only

Explanation:

Statement 1 is incorrect: Indian Constitution has several Socialistic provisions included in the Directive Principles of State Policy. By the 42nd amendment, Socialism was explicitly mentioned in the Preamble of the Indian Constitution.

Statement 2 is correct:

• In its Avadi session in 1955, the Congress party, which had been in power for a long time, adopted a resolution to establish a "socialistic pattern of society." which reflected a commitment to the development of the nation along a socialistic path.
• Notably, the Indian brand of socialism is a 'democratic socialism' rather than a 'communistic socialism' that entails the nationalization of all means of production and distribution as well as the abolition of private property.
• Democratic socialism, on the other hand, believes in a "mixed economy" in which the public and private sectors coexist and believes in a non-violent, democratic way to transform society.
• The Indian model of Socialism is developed from the contributions of leaders such as Gandhi, Nehru, Jayaprakash Narayan, etc.