The principle of mixed economy adopted by India implies ____________.

combined welfare of the capitalist and labour class

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monopolising some industries of the Government and leaving others to the private enterprise

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integrated economic growth

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mixed growth of capital and consumer industries

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Solution

The correct option is B monopolising some industries of the Government and leaving others to the private enterprise
After independence, India had the option of being a capitalist or a socialist economy. The leaders of independent India wanted to give importance to both public and private sectors and hence decided to adopted the mixed economy principle.

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