New Enroll in RBI Gr B 2025 Exclusive New Batch on March 18

    Question

    The Indian economy can be most appropriately described

    as a ______ economy.
    A Mixed Correct Answer Incorrect Answer
    B Capitalist Correct Answer Incorrect Answer
    C Traditional Correct Answer Incorrect Answer
    D Socialist Correct Answer Incorrect Answer

    Solution

    The Indian economy can be most appropriately described as a **mixed economy**. This means that it incorporates elements of both capitalist and socialist economic systems, featuring both private and public ownership of resources and enterprises.

    Practice Next