Which of the following is a feature of a mixed economy? MCQ with Answer and Explanation

Question
Which of the following is a feature of a mixed economy?
A. Complete government ownership of resources
B. Absence of government intervention
C. Complete private ownership of resources
D. Coexistence of public and private sectors
Answer: Option D
Solution (By JKSSB Mock Tests)
A mixed economy is characterised by the coexistence of both public and private sectors, with government intervention to correct market failures.
This question belongs to: Economy GK Economy Set 1
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Practice More Economy Set 1 Questions

Question #1
The Negotiable Instruments Act was enacted in which year?
A. 1881
B. 1872
C. 1934
D. 1949
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Correct Answer: Option A

Explanation:
The Negotiable Instruments Act was enacted in 1881 and governs cheques, bills of exchange and promissory notes.
This question belongs to: Economy GK Economy Set 1
Question #2
The concept of 'Sudden Stop' in international finance refers to:
A. Only a stop in domestic investment
B. An abrupt reversal of capital inflows into a country
C. A gradual reduction in capital flows
D. Only a stop in trade flows
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Correct Answer: Option B

Explanation:
A sudden stop is a large and abrupt reversal of capital inflows, often associated with currency crises, output collapses and balance-sheet problems in emerging markets.
This question belongs to: Economy GK Economy Set 1
Question #3
The law of variable proportions is associated with the:
A. long run
B. all time periods equally
C. short run
D. very long run
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Correct Answer: Option C

Explanation:
The law of variable proportions operates in the short run when at least one factor is fixed.
This question belongs to: Economy GK Economy Set 1
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