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In India, what type of economic system is being followed? -

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Question

In India, what type of economic system is being followed?

Options

  • Capitalism

  • Socialism

  • Monarchy

  • Mixed

MCQ

Solution

Mixed

Explanation:

India envisioned an economic system that combined the finest characteristics of socialism and capitalism after independence, culminating in the mixed economy model.

shaalaa.com
Introduction to Indian Economy on the Eve of Independence
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