Which of the following is a feature of the mixed economy model adopted by India? MCQ with Answer and Explanation

Which of the following is a feature of the mixed economy model adopted by India?
A. Complete central planning without private enterprise
B. Absence of market mechanism
C. Complete private ownership of all means of production
D. Coexistence of public and private sectors with government regulation
Answer: Option D
Solution (By JKSSB Mock Tests)
India adopted a mixed economy framework where both public and private sectors coexist, with the government playing a regulatory and developmental role.

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Practice More Economy Set 1 Questions

Question #1
The 'New Economic Policy 1991' was introduced under which Prime Minister?
A. Atal Bihari Vajpayee
B. Rajiv Gandhi
C. Manmohan Singh
D. P.V. Narasimha Rao

Correct Answer: Option D


Explanation:
The New Economic Policy of 1991 was introduced under Prime Minister P.V. Narasimha Rao.

This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is a function of the Securities and Exchange Board of India?
A. Formulating monetary policy
B. Collecting direct taxes
C. Issuing currency notes
D. Regulating the securities market and protecting investor interests

Correct Answer: Option D


Explanation:
SEBI is the regulator of the Indian securities market; its mandate includes protecting investors, promoting the development of the market and regulating market intermediaries.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'National Consumer Price Index' in India uses which base year?
A. 2012
B. 2010
C. 2019
D. 2016

Correct Answer: Option A


Explanation:
CPI-Combined uses base year 2012.

This question belongs to: Economy GK Economy Set 1