New SIDBI Grade A New Batch Starts on Nov 18

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    Question

    Which of the following statements is true for a mixed economy?

    A Economic decisions are driven by the motive of both profit maximisation and social welfare. Correct Answer Incorrect Answer
    B The market determines the price of all goods with no intervention from the government. Correct Answer Incorrect Answer
    C All resources are controlled and owned by the government. Correct Answer Incorrect Answer
    D The private sector dominates the economic activity. Correct Answer Incorrect Answer

    Solution

    The correct answer is A

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