Home PYQs UPPSC UPPSC MCQs Prelims 2017 (GS Paper I)

Question

As per the Economic Survey 2015-16, which one of the following has been constructed as the Chakravyuha Challenge of the Indian economy?

  1. Movement of Indian Economy from socialism to capitalism
  2. Movement of Indian Economy from socialism with limited entry to marketism with exit
  3. Movement of Indian Economy from socialism with limited entry to marketism without an exit
  4. Movement of Indian Economy from the mixed economy to capitalism

Answer:

Option C: Movement of Indian Economy from socialism with limited entry to marketism without an exit

Detailed Solution:

The correct answer is “Movement of Indian Economy from socialism with limited entry to marketism without an exit”.

According to the Economic Survey 2015-16, the Chakravyuha Challenge of the Indian economy has been described as the movement from socialism with limited entry to marketism without an exit.

Therefore, the correct option is (c) Movement of Indian Economy from socialism with limited entry to marketism without an exit.