Home UPPSC Prelims 2025 Mock Test Series MCQs

Question

Which of the following is a characteristic of a mixed economy?

  1. Complete government control over all economic activities.
  2. Private ownership with minimal government intervention.
  3. Coexistence of both public and private sectors.
  4. Focus solely on social welfare with no profit motive.

Answer:

Option C: Coexistence of both public and private sectors.

Detailed Solution:

The correct answer is “Coexistence of both public and private sectors.”.

A mixed economy is characterized by the coexistence of both public and private sectors, with government regulation and intervention to varying degrees.