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The Great Divergence

India has a m...

Question

India has a mixed economy with a __________.

A

Small public sector

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B

Large public sector

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C

Large private sector

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D

None of these

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Solution

The correct option is C Large public sector
India has a mixed economy with both public and private sector. In public sector, industries of national importance are set-up such as defence industries, basic industries, power generation, etc. The main objective behind the sector is to reap the benefit with capitalism, socialism and trying to eliminate the evils of the system.

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