Both India and Pakistan, have many similarities in the context of various economic polices.Identify the similarities.

(A) Both the economics have adopted mixed economy

(B) Both the countries have adopted reforms near to 1990s

(C) Both countries got independence from Fracne

(D) Both countries uses collective ownership of Land

(E) Both countries have NITI Ayog

Choose the correct answer from the options given below :

(A) and (B) only

The correct answer is option (1) : (A) and (B) only

The reasons are as follows:

(A) Both the economies have adopted mixed economy : Correct. Both India and Pakistan have adopted a mixed economy, which includes elements of both market and planned economies. This allows for a combination of private and public ownership in various sectors.

(B) Both the countries have adopted reforms near to 1990s : Correct. Both India and Pakistan initiated economic reforms in the early 1990s. India adopted in 1991, while the Pakistan adopted in 1988. These reforms aimed at liberalizing the economies, encouraging private sector participation, and integrating.

The other options are not accurate :

(C) Both countries got independence from Finance : India gained independence from British rule, and Pakistan was formed as a separate nation in 1947 after gaining independence from British from British India.

(D) Both countries use collective ownership of Land : Both countries do not have a system of collective ownership of land. China has sucha system of collective ownership of land.

(E) Both countries have NITI Aayog : NITI Aayog is an institution in India, not in Pakistan. It replaced the Planning Commission of India and plays a role in formulating economic policies.