Question map
Not attempted Correct Incorrect ★ Bookmarked
Loading…
Q24 (NDA-II/2009) Polity & Governance › Governance, Policies & Social Justice › Democratic political theory Answer Verified

Socialism is opposed to

Result
Your answer: —  Â·  Correct: C
Explanation

Socialism is a political and economic ideology that emerged as a critique of the inequalities generated by industrial capitalism [c1]. Its core principles include the minimization of economic inequality and the just distribution of resources [c1][t2]. Unlike capitalism, which relies on a free-market system where individuals are unrestrained and competition drives the market, socialism favors government regulation, planning, and collective ownership [c1][t3][t4]. Socialists argue that the unrestricted competition inherent in laissez-faire capitalism encourages selfishness and greed while leading to the exploitation of workers and unfair wealth distribution [t4][t10]. Therefore, socialism is fundamentally opposed to unrestricted competition, seeking instead to replace it with cooperation, social justice, and state or collective management of the means of production to ensure the welfare of the entire community [c2][t6][t8].

Sources

  1. [1] Political Theory, Class XI (NCERT 2025 ed.) > Chapter 3: Equality > SOCIALISM > p. 44
  2. [2] Indian Polity, M. Laxmikanth(7th ed.) > Chapter 9: Directive Principles of State Policy > Socialistic Principles > p. 109
  3. [3] https://kids.britannica.com/students/article/socialism/277112
How others answered
Each bar shows the % of students who chose that option. Green bar = correct answer, blue outline = your choice.
Community Performance
Out of everyone who attempted this question.
75%
got it right
✓ Thank you! We'll review this.

SIMILAR QUESTIONS

CAPF · 2020 · Q57 Relevance score: -2.09

Which one of the following is NOT true of socialism ?

IAS · 2017 · Q5 Relevance score: -3.77

One of the implications of equality in society is the absence of

CDS-I · 2015 · Q68 Relevance score: -5.45

Which of the following is not a central tenet of Socialism ?

IAS · 2021 · Q51 Relevance score: -5.56

Under the Indian Constitution, concentration of wealth violates

IAS · 2010 · Q147 Relevance score: -5.93

Consider the following statements : 1. The 'Bombay Manifesto' signed in 1936 openly opposed the preaching of socialist ideals. 2. It evoked support from a large section of business community from all across India. Which of the statements given above is/are correct ?