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      Question

      Indian economy is considered a mixed economy. Mixed

      economy is characterised by?
      A Presence of strong agriculture and industries Correct Answer Incorrect Answer
      B Its dependence on domestic as well as export market Correct Answer Incorrect Answer
      C Co-existence of public and private sector Correct Answer Incorrect Answer
      D Rural and urban sub-economies Correct Answer Incorrect Answer
      E All of the above Correct Answer Incorrect Answer

      Solution

      A mixed economy is defined as an economic system consisting of a mixture of either markets and economic planning, public ownership and private ownership, or markets and economic interventionism. However, in most cases, "mixed economy" refers to market economies with strong regulatory oversight and governmental provision of public goods, although some mixed economies also feature a number of state-run enterprises. In general, a mixed economy is characterized by a pragmatic division of the means of production between private ownership and public ownership.

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