Chapter 8 ECONOMIC SYSTEM MCQs

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1. . These economic system exist in the world-------------------





2. . Who has the sovereignty in capitalism?





3. . Which economic system is opposite to socialism?





4. . There is unequal distribution of wealth in-----------economic system.





5. . Which economic system gives freedom of choice and business?





6. . ------------Institutions compete mutually in capitalistic economic system





7. . Resources are in the ownership of----------in capitalism.





8. . Boom and depression are parts of and parcels of ----------system.





9. . In which economic system all resources are in the hand of Govt.?





10. . In which economic system there is no concept of private property?





11. . Under economic system consumers are slaves to producers.





12. . In this economic system Govt. takes the responsibility of supervision of public.





13. . This economic system is in between capitalistic and socialism





14. . In mixed economic system all the productive resources are





15. . In this economic system, sometimes Govt. nationalize the private business





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