Multiple choice

Directions: Choose the correct option for the given question.

Mixed Economy means

  1. co-existence of small and large industries

  2. promoting both agriculture and Industries in the economy

  3. co-existence of public and private sectors

  4. co-existence of rich and poor
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C Correct answer
Explanation

Mixed economy refers to the co-existence of public and private sectors in economic activity. In India, this means both government-owned enterprises and private businesses operate simultaneously. This model allows the state to control strategic sectors while encouraging private enterprise in others. It's a defining feature of India's economic policy since independence.

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