Question

India has a mixed economy with a __________.

• A. Small public sector
• B. Large public sector
• C. Large private sector
• D. None of these

Answer 1

Answer: (B)

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.