Topics:
CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books
Mixed Economy Framework
Since independence, India followed which economic framework?
- Pure capitalist
- Pure socialist
- Mixed economy — Correct Answer
- Traditional economy
Explanation:
Correct Answer Explanation
India followed the mixed economy framework combining advantages of capitalist and socialist economic systems.
Key Points:
- Some scholars argue this led to excessive rules and laws hampering growth.
- Others credit it with achieving growth in savings, diversified industrial sector, and food security.
📚 About this Topic — CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL
This multiple choice question is from CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL to strengthen your preparation.
