21. The term 'mixed economy' denotes

1. 1. existence of both rural and urban sectors

   
   
   

   2. existence of both private and public sectors

   
   
   

   3. existence of both heavy and small industries

   
   
   

   4. existence of both developed and underdeveloped srctors

   
   
   

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   N/A

   Correct Option: B

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22. Mixed economy means

1. 1. Where agriculture and industry are given equal importance

   
   
   

   2. Where public sector exists alongwith the private sector in national economy

   
   
   

   3. Where globlization is transferred with heavy dose of Swadeshi in national economy

   
   
   

   4. Where the Centre and the States are equal partners in economic planning and development

   
   
   

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   N/A

   Correct Option: B

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23. Which sector of Indian Economy has shown remarkable expansion during the last decade ?

1. 1. Primary Sector

   
   
   

   2. Secondary Sector

   
   
   

   3. Tertiary Sector

   
   
   

   4. Mining Sector

   
   
   

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   N/A

   Correct Option: C

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24. Identify the factors responsible for the retarded economic development of India
    (1) Long British Rule
    (2) Shortage of capital
    (3) Westernised social attitude
    (4) Caste system

1. 1. 1 and 4 only

   
   
   

   2. 1, 2 and 3 only

   
   
   

   3. 1, 2 and 4 only

   
   
   

   4. 3 and 4 only

   
   
   

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   N/A

   Correct Option: C

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25. When development in economy takes place, the share of tertiary sector in National Income

1. 1. first falls and then rises

   
   
   

   2. first rises and then falls

   
   
   

   3. keeps on increasing

   
   
   

   4. remains constant

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: C

   N/A

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