state gov TSPSC Group 3 (తెలంగాణ గ్రూప్ 3) 2023 Mock Test Series General Knowledge Economy National Income Accounting
Consider the following statements regarding the Socialist Economy.
1. Government adopts economic planning to achieve fixed objectives of social welfare.
2. No cutthroat competition is prevalent among companies.
Which of the statements given above is/are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2