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Question
From the set of statements given in Column I and Column II, choose the correct pair of statements:
| Column I | Column II |
| (A) Advantage of capitalist economy | (i) Social Welfare |
| (B) Feature of mixed economy | (ii) Coexistance of public and private sector |
| (C) Disadvantage of socialism | (iii) Cut throat competition |
| (D) Features of a developed economy | (iv) Low per capita Income |
Alternatives:
Options
A - (i)
B - (ii)
C - (iii)
D - (iv)
MCQ
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Solution
B - (ii)
Explanation:
A mixed economy features both public and private sector coexistence, unlike pure capitalism or socialism. Capitalist economies emphasize competition, while socialism focuses on social welfare. Developed economies have high per capita income, not low.
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