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Question Practice

What is the role of government in a socialist economy?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Economics
Indian Economic Development
INDIAN ECONOMY 1950-1990
Question Bank

What is the role of government...

Single Answer MCQ
Q-00061776

What is the role of government in a socialist economy?

1

To maximize profit for businesses

2

To decide production based on societal needs

3

To minimize regulation in markets

4

To encourage private property ownership

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