Civil Services UPPSC RO ARO 2024-25 Mock Tests Series General Knowledge Economy Initiatives by Government
Consider the following statements about the Mixed Economy Model in India:
1. Market forces determine pricing, demand, supply, and other factors.
2. Government maintains some control to avoid monopolization and discrimination.
3. The state owns all of the key elements and resources of production.
Which of the above statement is/are correct?
1
1 and 3 only
2
2 and 3 only
3
1 and 2 only
4
1, 2 and 3