Multiple choice

India has a mixed economy because

  1. agriculture and industry have both simultaneously developed in India

  2. agriculture and industry have both developed in the public sector

  3. private ownership and public ownership over means of production co-exist

  4. any of the above

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

India has a mixed economy because both private ownership (individuals, companies) and public ownership (government, PSUs) over means of production coexist. The private sector operates alongside a significant public sector in strategic industries. Mixed economies combine market mechanisms with government intervention, unlike pure capitalist or socialist systems.

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