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The basic difference between imperative and indicative planning is that: [IAS 1993]

Correct Answer: in the case of the imperative planning, the market mechanism is entirely replaced by a command hierarchy, while in the case of indicative planning, it is looked upon as a way to improve the functioning of the market system

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Indian Economy MCQ: The basic difference between imperative and indicative planning is that: [IAS 1993] | Extra Education