GENERAL KNOWLEDGE

Detailed explanation-1: -Trusteeship is a socio-economic philosophy that was propounded by Mahatma Gandhi. It provides a means by which the wealthy people would be the trustees of trusts that looked after the welfare of the people in general.

Detailed explanation-2: -Gandhiji’s views on industrial relations are based on his own fundamental principles of idealism, they are:faith in individual, purity of means, importance of bread labour, economic equality, trusteeship and the removal of the evils of individualism.

Detailed explanation-3: -The core of Gandhian idea of trusteeship is the development, upliftment, and enrichment of human life rather than a higher standard of living with scant respect for human and social values.