Indian Economy is mixed economy because:

Agriculture and Industry have both simultaneously developed in India.

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Agriculture and Industry have both developed in the Public Sector.

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Private Ownership and Public Ownership over means of production co-exist

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Any of the above.

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Solution

The correct option is D Private Ownership and Public Ownership over means of production co-exist
Indian economy is a mixed economy because private ownership and public ownership over means of production co-exist.

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Similar questions

Indian economy is a mixed economy because here both the agricultural sector and industrial sector co-exist and work together.

(a) Discuss any four points of importance of small-scale industries.

(b) After independence, India adopted the system of mixed economy where both private and public sectors co-exist and contribute to the development of the nation. Which value is reflected in such an economic system?

Q. In a mixed economy, industries in public sector have _________ as their objective and driving force.

Q. In a mixed economy, the ownership and management of which of the following means of production are in the hands of government and private individuals?

Q. Distinguish between the following:

1. Liberalisation and privatisation

2. Public sector and private sector

3. Agriculture and industry

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Indian Economy is mixed economy because:

The correct option is D Private Ownership and Public Ownership over means of production co-existIndian economy is a mixed economy because private ownership and public ownership over means of production co-exist.

The correct option is D Private Ownership and Public Ownership over means of production co-exist
Indian economy is a mixed economy because private ownership and public ownership over means of production co-exist.