A. It is a combination of resources owned and controlled by the private as well as public sector.
B. There is no or minimal government intervention in economic activities.
C. The degree of public and private sector involvement is determined by the government.
D. It relies on the government only to allocate resources.
Choose the correct answer from the options given below :
Mixed Economy Features Analysis
A mixed economy combines elements of both capitalism and socialism. Let's analyze the given statements to identify its key characteristics:
Statement Evaluation
- Statement A: "It is a combination of resources owned and controlled by the private as well as public sector."
- Analysis: This is a defining feature. In a mixed economy, both private individuals/companies and the government own and control economic resources.
- Verdict: Correct
- Statement B: "There is no or minimal government intervention in economic activities."
- Analysis: This describes a free-market economy. Mixed economies involve significant government intervention and regulation alongside private enterprise.
- Verdict: Incorrect
- Statement C: "The degree of public and private sector involvement is determined by the government."
- Analysis: This is accurate. Governments in mixed economies actively regulate, influence, and sometimes direct the balance between private and public sectors to achieve specific economic and social goals.
- Verdict: Correct
- Statement D: "It relies on the government only to allocate resources."
- Analysis: Resource allocation in a mixed economy is a mix of market forces (supply and demand) and government planning/intervention. It does not rely solely on the government.
- Verdict: Incorrect
Conclusion
Based on the analysis, statements A and C accurately describe the characteristic features of a mixed economy. Therefore, the correct option includes only A and C.
Similar Questions
- The report of Sarkaria commission (1988) was related to ______.
- A practice whereby a particular part of the production process or component of a service industry is contracted out to be performed by a third party is called ______.
- Identify the characteristic feature of Gemeinschaft as given by Ferdinand Tonnies
A. Rural life typifies this form
B. Social interactions are likely to be impersonal and task specific
C. Social interactions are intimate and familiar
D. Self-interest dominates
E. Emphasis is an achieved status
Choose the correct answer from the options given below : - Rajan had no strong views favouring capital punishment, but when he found that his ideas on capital punishment are validated by many public figures and people around him, he also developed a strong opinion in favour of capital punishment. This is known as :
- Which of the following movements are example of peasant movements or agrarian strugle ?
A. Deccan Riots 1857
B. Bardoli Satyagraha 1928
C. Champaron Satyagraha 1917-18
D. Bombay textile workers strike 1981-82
Choose the correct answer from the options given below : - A mode of thinking in which the desire to reach unanimous agreement overrides the wish to adopt proper, rational, decision-making procedures is known as :
- Identify the author of the famous book, ''Who Rules America ? The Triumph of the corporate rich'', who stated, ''Unless you belong to the corporate elite, you have no real power.
- Given below are two statements : one is labelled as Assertion (A) and the other is labelled as Reason (R).
Assertion (A) : Some of the factors that are involved in soil formation are also responsible for soil erosion.
Reason (R) : Strong winds and flowing water help in soil formation through withering of rocks. The uncovered loose soil gets eroded and carried away by the winds to other places. When rain falls on the unprotected top soil, water washes it down into the streams and rivers.
In the light of the above statements, choose the most appropriate answer from the options given below : - The Government of India has established NITI Aayog to replace the ______.
- Arrange the following legislations chronologically in order of their enactment (earlier to latest)
A. The Rights of Persons with Disabilities Act
B. The Rehabilitation Council of India Act
C. The National Trust for the Welfare of Persons with Autism Cerebral Palsy, Mental Retardation and Multiple Disabilities Act
D. The Protection of Women from Domestic Violence Act
Choose the correct answer from the options given below :
Important Questions from Mixed Topic (CUET PG)
- Who was the founder of Bolshevik Communist party?
- What is the key guide to statecraft in the realist tradition?
- Chronologically arrange the events in the Cold War period.
A. Berlin Wall is constructed
B. Communist China joins the UN
C. Soviet invasion of Czechoslovakia
D. Berlin Blockade
Choose the correct answer from the options given below: Morgenthau's principles of political realism are:
A. Politics is rooted in permanent and unchanging human nature which is basically self centred, self-regarding and self-interested
B. Politics is an autonomous sphere of action and cannot therefore be reduced to morals
C. International Politics is an arena of conflicting self-interests
D. The ethics of international relations is situational ethics which is very different from private morality
Choose the correct answer from the options given below:Who among the following political thinkers consider the anarchical self help system to be a compelling factor for States to maximise their relative power positions?
