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

Question

Share Report Error

Which of the following is a feature of a mixed economy?

A. Coexistence of public and private sectors

B. Absence of government intervention

C. Complete private ownership of resources

D. Complete government ownership of resources

Answer: Option A

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

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

The concept of 'Automatic Stabilisers' in fiscal policy includes:

A. Changes in bank rate

B. Open market operations

C. Discretionary changes in tax rates

D. Progressive taxation and unemployment benefits

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
Automatic stabilisers such as progressive income taxes and unemployment benefits automatically moderate economic fluctuations without requiring new policy decisions.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Foreign Trade Policy' in India is usually announced for a period of:

A. 1 year

B. 5 years

C. 15 years

D. 10 years

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
Foreign Trade Policy is normally announced for a five-year period.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on DTH services is:

A. 5%

B. 28%

C. 12%

D. 18%

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
DTH services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs