Question : Mixed economy means
Option 1: promoting both agriculture and industries in the economy
Option 2: co-existence of public and private sectors
Option 3: co-existence of rich and poor
Option 4: co-existence of small and large industries
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Correct Answer: co-existence of public and private sectors
Solution : The correct answer is the co-existence of public and private sectors.
Adam Smith is called the father of mixed economy. The existence of both the public and private sectors within the parameters of economic planning qualifies the Indian economy as a mixed economy. It combines elements of socialist and capitalist values. There are three main categories of mixed economies: Those with a mix of public and private control, those under total governmental control, and those with only a limited amount of state influence.
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Question : The structural composition of the economy refers to:
Option 1: Contribution of various sectors to the GDP
Option 2: Male-female distribution of the population
Option 3: Private and public sectors classification
Option 4: Rural and urban dis
Question : ______ came into existence on 12 July 1982 by transferring the agricultural credit functions of RBI and refinance functions of the then Agricultural Refinance and Development Corporation.
Option 1: Securities and Exchange Board of India
Option 2: Small Industries Development Bank of India
Option 3: Reserve Bank of India
Option 4: National Bank for Agriculture and Rural Development
Question : 'Mixed Farming' means
Option 1: Sowing of both cash and food crops
Option 2: Sowing of two or more crops in the same field.
Option 3: Sowing of two or more plants in alternate years.
Option 4: Rearing of cattle and agriculture.
Question : Globalisation means
Option 1: Integration of economy
Option 2: Integration of financial market
Option 3: Integration of the domestic economy with the world economy
Option 4: integration of the various sector of the economy
Question : Which of these is not one of the reasons why the public sector played a dominant role in establishing the Industrial sector in India post-independence?
Option 1: Poor savings capacity of the public
Option 2: To avoid the generation of private profit
Option 3: Absence of a large enough market for output
Option 4: Lack of adequate capital with private industrialists
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