# India’s economy was for decades based loosely on:? with Answer - International Relations Mcqs | TestPrep

> Solved MCQ: India’s economy was for decades based loosely on: Correct Answer: D. socialism and state control of large large industries but on private capitalism in agriculture and consumer goods. Verified answer explanation for FPSC, PPSC, MDCAT, NTS, and CSS competitive exam preparation.

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# India’s economy was for decades based loosely on:

Direct Answer & Quick Reference

The correct option is **D. socialism and state control of large large industries but on private capitalism in agriculture and consumer goods**.

A. capitalism, allowing private enterprise to dictate the rise and fall of major industries

B. Marxist values and central control of all means of production

C. socialism and state control of agriculture and consumer goods, but private capitalism for large industries

D. socialism and state control of large large industries but on private capitalism in agriculture and consumer goods **(Correct Answer)**

Verified Key: D. socialism and state control of large large industries but on private capitalism in agriculture and consumer goods
Solved by 4,339+ students

Verified against official examination board answer keys and standard curriculum textbooks.

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*Source: https://test-prep.blog/mcq/indias-economy-was-for-decades-based-loosely-on-cd059a40-26cf-4d10-a59c-aeb41b65c056*
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