Q15 of 43 Page 1

Evaluate the major outcomes of the Indian model of mixed economy?

Indian modal of mixed economy:-

(i) This model laid down the foundation of India’s future economic growth.


(ii) Much of the agriculture, trade and industries were in private hands.


(iii) Heavy industries were control by the state.


(iv) Mixed economy helped in abolition of zamindari system.


(v) The government adopted new strategy to ensure food sufficiency. It was a beginning the green revelation.


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The value of the ruble declined dramatically. The rate of inflation was so high that people lost all their savings. The collective farm system disintegrated leaving people without food security, and the government started to import food. The old trading structure broke down with no alternative in its place. The old system of social welfare was systematically destroyed. The withdrawal of government subsidies pushed large sections of the people into poverty.

Read the above passage carefully and answer the following questions:


(i) What is meant by subsidy?


(ii) How did the disintegration of collective farm system lead to the loss of food security?


(iii) This passage is associated to which country? Why did the government start importing food?