1. . These economic system exist in the world-------------------
(A) Capitalism
(B) Socialism
(C) Mixed
(D) All
2. . Who has the sovereignty in capitalism?
(A) Businessman
(B) Labourers
(C) Consumer
(D) Govt.
3. . Which economic system is opposite to socialism?
(A) Mixed
(B) Socialism
(C) Capitalistic
(D) None
4. . There is unequal distribution of wealth in-----------economic system.
(A) Mixed
(B) Socialism
(C) Capitalistic
(D) All
5. . Which economic system gives freedom of choice and business?
(A) Mixed
(B) Socialism
(C) Command
(D) Capitalistic
6. . ------------Institutions compete mutually in capitalistic economic system
(A) Many
(B) Four
(C) Five
(D) Six
7. . Resources are in the ownership of----------in capitalism.
(A) Public
(B) Govt.
(C) Businessman
(D) Employees
8. . Boom and depression are parts of and parcels of ----------system.
(A) Mixed
(B) Capitalistic
(C) Socialism
(D) All
9. . In which economic system all resources are in the hand of Govt.?
(A) Socialism
(B) Capitalistic
(C) Mixed
(D) None
10. . In which economic system there is no concept of private property?
(A) Capitalistic
(B) Socialism
(C) Mixed
(D) None
11. . Under economic system consumers are slaves to producers.
(A) Capitalistic
(B) Mixed
(C) Socialism
(D) All
12. . In this economic system Govt. takes the responsibility of supervision of public.
(A) Socialism
(B) Mixed
(C) Capitalistic
(D) All
13. . This economic system is in between capitalistic and socialism
(A) Socialism
(B) Mixed
(C) Capitalistic
(D) All
14. . In mixed economic system all the productive resources are
(A) Owned by Govt.
(B) Owned by Public
(C) A & B
(D) None
15. . In this economic system, sometimes Govt. nationalize the private business
(A) Mixed
(B) Socialism
(C) Capitalistic
(D) All