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Gandhi’s concept of Trusteeship:
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- Recognises right of private ownership of property
- Transforms the capitalistic society into an egalitarian one
- Excludes legislative regulation of the ownership and use of wealth
- Does not fix minimum or maximum income
Correct Option: B
Trusteeship principle advocated by Gandhiji provides a means of transforming the present capitalist order of society into an egalitarian one. He envisaged trusteeship as a post capitalist arrangement which gives no quarter to capitalism, but gives the present owning class a chance of reforming itself (Gandhi Nehru And Globalization, p 7).