Multiple choice

What type of economy is found in India?

  1. Free economy

  2. Mixed economy

  3. Socialistic economy

  4. Command economic system
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

India follows a mixed economic system combining features of both market and socialist economies. The Constitution mandates a socialist pattern of society while allowing private enterprise and foreign investment. This model was adopted after independence balancing state planning with market mechanisms.

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