WBCS.LIVE practice question

Mixed Economy refers to an economy where

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. both agriculture and industry are equally promoted by the State.
  2. there is co-existence of public sector and private sector.
  3. there is co-existence of foreign firms and domestic firms.
  4. economy is under joint control of elected government and military.

Correct answer and explanation

Correct answer: there is co-existence of public sector and private sector.