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EconomicsCBSE Class 12 · Sample paper, session 2024-25 · 1 mark · MCQ

CBSE Class 12 Economics sample paper 2024-25: question 21

From the official CBSE sample question paper for 2024-25, section B, question 21, for 1 mark. Try it first; the hints and our step-by-step solution are below.

Q21 · 1 mark · MCQIndian Economy 1950-1990

In the post-independence era, the policymakers of India adopted an economic system that fundamentally implies the coexistence of ______ and ________.
(Choose the correct option to fill up the blank)

  1. (A)small and large-scale industries
  2. (B)small and medium-scale industries
  3. (C)public and private sector
  4. (D)private and foreign sector

Source: official sample paper from cbseacademic.nic.in (PDF). See it in the full Sample paper 2024-25.

Hints

Open one hint at a time and try again before the next.

Hint 1

Which economic system did India choose in 1950?

Hint 2

Mixed between which two owners?

Step-by-step solution

Each step shows the marks it earns, as an examiner would award them. Checked by an independent re-solve from the question paper.

  1. After independence, India chose a mixed economy, combining the features of capitalism and socialism.

  2. A mixed economy means the coexistence of the public and private sectors. Option (C).

    1 mark

Answer: (C) public and private sector

Where the marks are

  • Mixed economy: public and private sectors (1 mark)

Revise the chapter

The question is transcribed from the official paper; figures are described in words. The solution, hints and chapter tag are ours. Spotted an error? Write tosupport@questionbuddy.in.