CA Foundation Exam > CA Foundation Questions > India is a __________.a)capitalist economyb)m...
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India is a __________.
- a)capitalist economy
- b)mixed economy
- c)socialist economy
- d)none of the above
Correct answer is option 'B'. Can you explain this answer?
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Verified Answer
India is a __________.a)capitalist economyb)mixed economyc)socialist e...
A mixed economic system is a system that features characteristics of both capitalism and socialism. A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve the social aim.
Most Upvoted Answer
India is a __________.a)capitalist economyb)mixed economyc)socialist e...
India is a mixed economy because public as well as private sector is running in India.
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India is a __________.a)capitalist economyb)mixed economyc)socialist economyd)none of the aboveCorrect answer is option 'B'. Can you explain this answer?
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