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Economic Systems & the Five Year Plans · Question 11 of 54

Question 11

MediumOriginal question

Assertion (A): Planning in India set targets for both the public and the private sector.

Reason (R): India's economy had no private sector at all after independence.

Options for question 11

Show the answer and explanation
CorrectNot quiteAnswer C

Correct answer: C

Explanation

  1. In a mixed economy the plans guided both sectors, so A is true.

  2. A large private sector existed, so R is false.

Concept
Mixed economy
Typical time
70 s
Your time
—
The rule this testsEconomic systems
Practise this chapter →

Ten questions from Economic Systems & the Five Year Plans, at your own pace.

Practise this chapter →

Ten questions from Economic Systems & the Five Year Plans, at your own pace.