India followed which type of economy in the pre-independence period?

Laissez Faire

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Mixed Economy

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Both A and B

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None of the above

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Solution

The correct option is B
Mixed Economy

Industrial policies of 1948 and 1956, formulated by the Government of India have made provision for the co-existence of private and public sectors in India.

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Similar questions

Q27. The term “Laissez-faire” associated with capitalist economy connotes

i) Free market

ii) Non-intervention by the government

iii) Intervention by the government

iv) None of the above

which of the above statements is/are true

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