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.
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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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