Given below are two statements. In the light of the above statements, choose the most appropriate answer from the options given below.
Statement I:The mixed-economy model made India a socialist society with a strong public sector.
Statement II:Its policy featured import substitution, industrialisation under state monitoring and extensive business regulation.
AStatement I is incorrect but Statement II is correct
BBoth Statement I and Statement II are incorrect
CStatement I is correct but Statement II is incorrect
DBoth Statement I and Statement II are correct
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