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