Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Introduction

Question:

India and France are examples of which of the following economies?

Options:

Centrally planned economies

Mixed economies

Market economies

None of the above

Correct Answer:

Mixed economies

Explanation:

In both the countries, that is, France and India some sectors are operated by Government and majority are operated by private sector, making it a mixed economic model. Mixed economy follows principles of both i.e. capitalism and socialism.