Indian economy?-mixed economy-TNPSC

Which of the following statement is not true in Indian economy?

1.Presence of mixed economy

2.The mixed economic system does not give ample of incentives to the private sector and uses much control

3. Targets fixed for that sector of the economy over which the Government had no control

1. (i) only
2. (i) and (ii) only
3. (i) and (iii) only
4. (ii) and (iii) only

EXPLANATION

Presence of mixed economy
➡️ True.
India follows a mixed economy system — both public sector and private sector coexist and operate together.

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Statement 2:

The mixed economic system does not give ample incentives to the private sector and uses much control
➡️ Not true (False).
In India, especially after the 1991 Liberalization, the government gave greater incentives and freedom to the private sector.
Controls were reduced to encourage private investment and growth.

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Statement 3:

Targets fixed for that sector of the economy over which the Government had no control
➡️ Not true (False).
In India’s planning system (like Five-Year Plans), targets were fixed only for sectors under government control, not for areas outside its reach.
So, fixing targets for sectors without government control would be incorrect.

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✅ Therefore:

Statements (2) and (3) are NOT TRUE.

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✅ Correct Answer: (ii) and (iii) only