WBCS 2024 · Question 166 of 196

Mixed Economy refers to an economy where

Economy

Aboth agriculture and industry are equally promoted by the State.
Bthere is co-existence of public sector and private sector.Correct
Cthere is co-existence of foreign firms and domestic firms.
Deconomy is under joint control of elected government and military.

Answer: B. there is co-existence of public sector and private sector.

Explanation

Official WBPSC key (Series A): (B) there is co-existence of public sector and private sector. A mixed economy combines state ownership in some sectors with private enterprise in others — India’s post-Independence model, especially under the Industrial Policy Resolution of 1956.

Source: WBCS (Exe) etc. (Prelim) 2024, Series A

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