NCERT · Class 11 · Economics · Indian Economy 1950-1990Which economic system was adopted by India after independence?
Step-by-Step Solution
India adopted a Mixed Economy model, combining the best features of both capitalist and socialist economic systems.
Detailed Options Breakdown
Option : Capitalist Economy
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Indian Economy 1950-1990.
Option 1: Socialist Economy
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Indian Economy 1950-1990.
Option 2: Mixed Economy (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 3: Traditional Economy
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Indian Economy 1950-1990.
💡 Study Guide: This question tests core syllabus concepts from Indian Economy 1950-1990. For formulas, key summaries, and mock exam reference guides, read the full Indian Economy 1950-1990 Revision Notes.