Question

Nehru  decided  that  India  would  be  a
a)  Mixed  economy b)  Socialist  Economy
c)  Capitalist  Economy d)  Money  economy

TNSCERT Class 10 Economics Ch 2 Indian Economy After Independence

Answer 1

Nehru decided that India would be a (a)Mixed economy.

Answer 2

Nehru decided that India would be a Mixed economy.

Option a)

Explanation:

• It is a special kind of economy in which components of both socialist and capitalist economies are present.
• Both the public sectors as well as the private sector work together and sometimes compete with each other to outset economic growth.
• Mixed economy utilizes the pros of both capitalist and socialist.
• In this type of economy, government control over the production of some goods essential for society as a whole, like electricity, gas etc. and private players have control over other products and services.

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