With reference to the economic system adopted by India after Independence, consider the following statements: 1. Jawaharlal Nehru preferred a pure socialist system modeled exactly on the Soviet Union. 2. India adopted a mixed economy model, combining features of socialism and private enterprise. 3. In 1950, the Planning Commission was established with the President of India as its Chairperson. Which of the statements given above is/are correct? |ForumIAS

[A] 1 and 2 only

[B] 2 only

[C] 2 and 3 only

[D] 1, 2, and 3

Answer: B

Notes:

Explanation:

Nehru did not prefer a Soviet-style system; he sought a balanced, mixed economy.
India adopted a mixed economy with both public and private sectors.
The Prime Minister, not the President, was the Chairperson of the Planning Commission.

Source- 12th NCERT: Economics: Macroeconomics

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