Select the correct statement with respect to the Finance Commission of India.
It is constituted by the President of India.
The Finance Commission of India is constituted by the President of India under Article 280 of the Constitution.
Which of the following measures helped India integrate with the global economy in 1991?
The concept of a mixed economy was central to India's early planning strategies. In the context of India's Five-Year Plans, what does the term 'mixed economy' refer to?