CBSE 2021 Class 12 Economics Term 1 Paper

Question : 11 of 60

Marks: +1, -0

Which of the following statement is correct with reference to the mixed economy system in India?
(Choose the correct alternative)

Predominance of free market economic system over the government regulated economy.
Absence of economic planning.
Ownership of factors of production only to private sector.
Co-existence of public and private sector.

Solution:

(d) Co-existence of public and private sector.
Explanation: It is an economic system, where public sector and private sector exist side-by-side. This economy provides the opportunity to fulfill both the objects of planning rapid economic growth, and social injustice.

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