Question

The launching of five year plans in India saw the introduction of



a) Mixed economy

b) Socialist economy

c) Capitalist economy

d) Closed economy​

Answer 1

Answer:

The First Five-year Plan was launched in 1951 which mainly focused in the development of the primary sector. The First Five-Year Plan was based on the Harrod–Domar model with few modifications.

Explanation:

a) Mixed economy is the correct answer

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Answer 2

Answer:

The launching of five year plans in India saw the introduction of a) Mixed economy.

Explanation:

The planners of Indian Economy adopted the concept of mixed economy. A mixed economy is consists of private and public sectors.