Question

What does the 'mixed economy' in India mean ?

• A. Companies of foreign countries can play an equal role in development of India's economy.
• B. Special privileges are given to foreign companies by the government for investment in India.
• C. Private companies of India are allowed to invests in public sector.
• D. Private sector plays a complementary role along with the public sector.

Answer 1

The correct option is D Private sector plays a complementary role along with the public sector.

Mixed economy is an economic system in which both the state and private sector direct the economy, reflecting characteristics of both market economies and planned economies.