In Tinsukia Electricity Company v. State of Assam, the Supreme Court pointed out that the term "socialist" used in the Preamble to the Constitution of India, means a state whose basic policy is to:
A. Prohibit concentration of wealth
B. Distribute equitably the natural resources
C. Prohibit concentration of wealth and uplift the living standards of people
D. Prohibit concentration of wealth and distribution equitably the natural resources
Answer: Option C

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