MCQ 11 Mark
Which system is called Free Economy?
MCQ 21 Mark
According to World Bank Report, $2004,$ what is the minimum per capita income $($in dollars$)$ for a country to be called a developing country$?$
View full question & answer→MCQ 31 Mark
Economically, India is which type of country?
MCQ 41 Mark
Animal husbandry is included in which sector of the economy?
MCQ 51 Mark
What kind of country is India economically ?
MCQ 61 Mark
Which country follows mixed economy?
MCQ 71 Mark
Cattle rearing is included in which sector of economy?
MCQ 81 Mark
Mixed economy is also known as $…………$
- ✓
Controlled economic system
- B
- C
- D
AnswerCorrect option: A. Controlled economic system
View full question & answer→MCQ 91 Mark
$………….$ is the main motive of a socialist economic system?
View full question & answer→MCQ 101 Mark
Which of the following is not a limitation of mixed economy?
- A
- B
- C
Inconsistent economic policy
- ✓
View full question & answer→MCQ 111 Mark
In mixed economic system, $……………..$
- A
Markets are totally controlled
- ✓
Markets are absolutely free
- C
Markets are not absolutely free
- D
Markets are self-controlled
AnswerCorrect option: B. Markets are absolutely free
View full question & answer→MCQ 121 Mark
In a mixed economy, heavy industries, defence, railway, electricity, giant irrigation systems are owned by$………….$
View full question & answer→MCQ 131 Mark
In a mixed economy system, industries for public utility, which require less capital, are owned by$…………..$
View full question & answer→MCQ 141 Mark
$………….$ Followed the socialist economic system.
View full question & answer→MCQ 151 Mark
Which economic system has co-existence of private and public sector?
MCQ 161 Mark
View full question & answer→MCQ 171 Mark
In social system, there is no scope for$……………..$
View full question & answer→MCQ 181 Mark
There is fear of bureaucracy in $…………..$ type of economic system.
View full question & answer→MCQ 191 Mark
$……………$ takes economic decisions in a socialist economic system.
View full question & answer→MCQ 201 Mark
Consumers have a choice in $…………….$ System.
View full question & answer→MCQ 211 Mark
In $………….$ the mixed economy is prevalent.
View full question & answer→MCQ 221 Mark
Market mechanism is also known as$…………..$
View full question & answer→MCQ 231 Mark
Russia : socialist system :
MCQ 241 Mark
Consumers are not exploited in $………….$ economic system.
View full question & answer→MCQ 251 Mark
In which economic system is the state, the owner of all the factors of production?
MCQ 261 Mark
Which of the following features have now been introduced in market mechanism?
AnswerCorrect option: D. Both $a$ and $b$
View full question & answer→MCQ 271 Mark
The market mechanism system is also known as $………..$
- A
Controlled economic system
- B
- C
- ✓
View full question & answer→MCQ 281 Mark
In market mechanism$…………..$
- A
Profit is considered to be supreme
- B
Needs of the poor are neglected
- C
There is no interference of state
- ✓
View full question & answer→MCQ 291 Mark
Which is the most important tool in market mechanism?
MCQ 301 Mark
Market mechanism and socialist system are$………$
- A
Complimentary to each other
- B
- ✓
- D
Slightly different from each other
View full question & answer→MCQ 311 Mark
Ever increasing wants will always create a dearth of$………….$
View full question & answer→MCQ 321 Mark
Which one of the following countries followed the market mechanism system?
MCQ 331 Mark
Market mechanism is also known as $……………$ economy.
View full question & answer→MCQ 341 Mark
In capitalist method, the economic decisions are taken according to$…………..$
View full question & answer→MCQ 351 Mark
In which type of economic, is the market totally free from control?
MCQ 361 Mark
Market mechanism system maintains a person’s $……………$ freedom.
View full question & answer→MCQ 371 Mark
In market mechanism, which of the following fears is absent?
MCQ 381 Mark
$………….$ is called the invisible hand of market mechanism.
View full question & answer→MCQ 391 Mark
Due to unlimited ever increasing human needs resources will always be$…………..$
View full question & answer→MCQ 401 Mark
Which of the following is not a factor of production?
MCQ 411 Mark
What is the main problem regarding production resources of a country?
MCQ 421 Mark
Mental or physical or both type of work for monetary return means$………….$
View full question & answer→MCQ 431 Mark
View full question & answer→MCQ 441 Mark
Fishing : primary ; electricity : $……………$
View full question & answer→MCQ 451 Mark
$…………$ as a factor co$-$ordinates with the other factors in production activity.
View full question & answer→MCQ 461 Mark
$………..$ is a living factor of production.
View full question & answer→MCQ 471 Mark
$………$plays a vital role in market mechanism.
View full question & answer→MCQ 481 Mark
View full question & answer→MCQ 491 Mark
$…………..$ is a man$-$made factor of production.
View full question & answer→MCQ 501 Mark
$…………$ is a natural factor of production
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