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Economic System MCQs – Chapter 8 DAE

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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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