Question

Consider the following about Mixed Economy.
1. India officially adopted mixed economic policy through Industrial policy resolution 1948.
2. After inclusion of Socialism in Preamble, India changed its stance to Socialist Economy.
Which of the following statements is/are correct?

• A. 1 only
• B. 2 Only
• C. Both 1 and 2
• D. Neither 1 nor 2

Answer 1

The correct option is A 1 only

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> India officially adopted path of mixed economy through Industrial policy resolution 1948 and India has followed Mixed economy even after inclusion of socialism in Preamble of constitution.