State the Doctrine of Trusteeship.

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Q. State the Doctrine of Trusteeship.

Tamil Nadu DgeTamil Nadu HSC First Year (DGE) Commerce Board 2020Subjective· 3mImportance★★★★★

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Gandhi's Doctrine of Trusteeship asks the rich to regard their surplus wealth as held in trust for society and to use it for the common good, thus reducing inequality without violence or class conflict.

Meaning. The Doctrine of Trusteeship is a Gandhian economic and moral principle. According to it, an individual is entitled to keep only what is needed for a reasonable living; the surplus wealth of the rich does not belong to them alone but should be regarded as held in trust for the whole society, especially the poor.

Main ideas.

The wealthy are trustees, not absolute owners, of their surplus wealth.
They should use this surplus for the welfare of the community and the upliftment of the poor.
The change should come through voluntary, moral transformation based on non-violence (ahimsa) and self-restraint, not through state coercion or class war. …

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Same / Similar Concept — real previous-year questions on the same or a closely similar concept, not this exact question.

CBSE 2026Set MARCH1 markMCQ
$Q. Mixed economy means .....$
(a) Private sectors and banks
(b) Coexistence of Public and Private sectors
(c) Public sectors and banks
(d) Public sectors only
›Reveal solutionSolution
A mixed economy means the coexistence of the public and private sectors — option (b).

A mixed economy blends the market (capitalist) system and state (socialist) control. In it:

The private sector owns and runs many enterprises, guided by the profit motive and market forces.

The public sector (government) owns and operates key industries and provides essential services, guided by social welfare and planning. …
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CBSE 2024Set MARCH1 markMCQ
$Q. Goods and Services tax is ______.$
(a) like value added tax
(b) a multi point tax
(c) a single point tax with no cascading effects
(d) having cascading effect
›Reveal solutionSolution

The correct option is (a) like value added tax: GST is a destination-based, value-added levy on the supply of goods and services.

Goods and Services Tax (GST), introduced in India from 1 July 2017, replaced a host of central and state indirect taxes (excise, service tax, VAT, etc.) with a single tax on the supply of goods and services. Its defining design feature is the input tax credit — at every stage a seller pays tax only on the value added and sets off the tax already paid on inputs. This is exactly the mechanism of a value added tax, and it is what eliminates the earlier "cascading" (tax-on-tax) effect.

…

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CBSE 2023Set MARCH1 markMCQ
$Q. Mixed economy means :$
(a) Public sectors and banks
(b) Private sectors and banks
(c) Public sector only
(d) Co-existence of Public and Private Sectors
›Reveal solutionSolution

A mixed economy means the co-existence of the public and private sectors.

In a mixed economy the economic system combines features of both capitalism and socialism: the private sector owns and runs businesses driven by the profit motive, while the public sector, owned by the government, provides essential goods, services and infrastructure and guides the economy toward social goals. Both sectors exist together, which is exactly the case in India. Hence a mixed economy is the …

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CBSE 2022Set MARCH1 markMCQ
$Q. Goods and Services Tax is ________.$
(a) like value added tax
(b) a multi point tax
(c) a single point tax with no cascading effects
(d) having cascading effects
›Reveal solutionSolution

GST is described as a single (unified) tax that removes cascading effects.

Goods and Services Tax (GST) replaced a large number of separate central and state indirect taxes with a single, unified tax on the supply of goods and services. Its key merit is that, through the input tax credit mechanism, tax is charged only on the value added at each stage, so the earlier 'tax on tax' (cascading) burden is removed. Compared with the old multiple, cascading tax structure, GST is presented as …

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Q.State the Doctrine of Trusteeship.

Concept understanding — Mixed Economy

Q.State the Doctrine of Trusteeship.

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