Q1. “Socialistic Pattern” comes through
(a) Free Economy
(b) Mixed Economy
(c) Public Sector
(d) None of these
(UPSC Prelims 1979)
Answer: (b) Mixed Economy
Explanation: India adopted a socialistic pattern of development through a mixed economy, combining public and private sectors. This model aimed to ensure economic growth with social justice, balancing state control and market freedom.
Q2. Mixed economy refers to
(a) The coexistence of heavy, small scale and cottage industries
(b) The promotion of agriculture as well as cottage industries
(c) The coexistence of rich as well as poor
(d) Co-existence of public as well as private sector
(UPSC Prelims 1980)
Answer: (d) Co-existence of public as well as private sector
Explanation: A mixed economy blends government-owned enterprises with private businesses, allowing both state and market forces to drive economic development.
Q3. Mixed economy means
(a) Co-existence of private and public sectors
(b) Co-existence of small and large scale industries
(c) Industries completely owned by the Government
(d) Control of means of production by the Government
(UPSC Prelims 1981)
Answer: (a) Co-existence of private and public sectors
Explanation: A mixed economy combines elements of both capitalism and socialism, allowing private enterprises to operate alongside government-owned sectors. India adopted this model to balance economic growth with social welfare.
Q4. Mixed economy means
(a) Coexistence of small and large scale industries
(b) Coexistence of private and public sectors
(c) Promotion of agriculture as well as industries
(d) Coexistence of rich and poor
(UPSC Prelims 1982)
Answer: (b)
Explanation: A mixed economy combines elements of both capitalism and socialism, allowing private enterprises to coexist with government-owned sectors. India adopted this model to balance economic growth with social welfare.