Mixed Economy Model
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Question (English)
After independence, India adopted which type of economic system?
- Pure capitalist economy
- Pure socialist economy
- Mixed economy ✓ Correct
- Traditional economy
Explanation:
Correct Answer Explanation
India adopted a mixed economy — combining features of socialism (strong public sector) with capitalism (private property and democracy).
Key Points:
- Jawaharlal Nehru sympathised with socialism but rejected Soviet-style socialism.
- Sought an alternative to extreme versions of capitalism and socialism.
- In a mixed economy, government and market together answer the three basic economic questions.
📚 About this Topic — CH-2: INDIAN ECONOMY 1950–1990
This multiple choice question is from CH-2: INDIAN ECONOMY 1950–1990, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-2: INDIAN ECONOMY 1950–1990 to strengthen your preparation.
