Question : The term "socialist" in the Preamble of the Indian Constitution implies:
Option 1: Abolition of private property
Option 2: State control of all means of production
Option 3: Promotion of social welfare and equitable distribution of wealth
Option 4: Establishment of a one-party system
Correct Answer: Promotion of social welfare and equitable distribution of wealth
Solution : The term "socialist" in the Preamble of the Indian Constitution implies the promotion of social welfare and equitable distribution of wealth. It reflects the commitment of the state to ensure social and economic justice for all citizens.