Mixed Economic System

Q.

Explain The Main Merits And Demerits Of Mixed Economy.

Q. Which of the following countries follow the mixed economic system?

1. England
2. France
3. USA
4. India

Q.

What is a mixed market economy?

Q. Which of the following statements is correct regarding mixed economy?

1. Both, the market and state, provide goods and services.
2. The state owns the factors while the private sector handles the distribution.
3. The market owns the factors, but the state regulates their usage.
4. The government decides how goods are to be produced and distributed.

Q. Which of the following reasons help identify the mixed economy as a controlled economic system?

1. Profits yielded
2. Regulations that cannot be surpassed
3. Social welfare encouraged
4. Sustainability goals

Q. Identify the sectors owned by the state in a mixed economy.

1. Trade
2. Defence
3. Roads
4. Electricity
5. Irrigation
6. Consumer goods
7. Heavy industry
8. Railways

Q. Choose the correct option regarding the mixed economy taking the following statements into consideration.

Assertion (A): The government levies heavy taxes on unwanted things and low or no taxes on essential goods.

Reason (R): The government prioritises the production of necessities.

1. Both A and R are true, and R is the correct explanation of A.
2. Both A and R are true, but R is not the correct explanation of A.
3. A is true, but R is false.
4. A is false, but R is true.