Home

The situation in between the extremes of the govt. controlled, planned economy and the perfectly free, unplanned economy is known as:

A. Developed economy

B. Laissez-fair economy

C. Mixed economy

D. Capitalistic economy

Correct Answer : C.


Download Objective type questions of Basics of Economics PDF

Get all objective type questions of Basics of Economics MCQ

Also checkout these categories

Matter MCQ Biological Classification MCQ Problems on Trains MCQ Current Affairs June 2017 MCQ Current Affairs August 2017 MCQ Algae MCQ Design of Masonry Structures MCQ Thermo Electricity MCQ Gravitation MCQ Drawing Inference MCQ Noble Gases MCQ Bio-Chemistry MCQ

Please do not use chat terms. Example: avoid using "grt" instead of "great".

Submit
Load More..
You can do it
  1. Indifference curve approach (ordinal approach) is superior to utility approach (cardinal approach) because:
  2. The average cost curve is a geometrical illustration of:
  3. Contraction in demand occurs when:
  4. Entry of new firms into a competitive market will shift the supply curve of the:
  5. Monopolistic firm can fix:
  6. Equilibrium of a discriminating monopolist requires the fulfillment of which one of the following conditions?
  7. In respect of which of the following category of goods is consumers surplus highest?
  8. Any expansion in output by a firm in the short period will always reduce the:
  9. The main contribution of Prof. Lord Keynes is in the field of:
  10. Which is not an essential feature of a socialist economy?
  11. Market allocation fundamentally relies upon:
  12. If a straight line supply curve makes an intercept on the X-axis, the elasticity of supply is:
  13. Which of the following conditions is met in the long-run equilibrium in monopolistic competition, where…
  14. The Modern and Neo-Keynsian Theory of Interestwas presented by:
  15. Regarding economic decisions, economics of uncertainty identifies:
  16. At the point where the straight line from the origin is tangent to the TC curve, AC is:
  17. The firm is said to be in equilibrium when the difference between revenue and cost is:
  18. Who finalized the model of monopolistic competition?
  19. Income -elasticity of demand will be zero when a given change in income brings about:
  20. The market demand for any commodity is the:
  21. Identify the work of T.W.Schultz:
  22. Labor theory was firstly rejected by:
  23. The budget-line is also known as the:
  24. Income-demand curve shows:
  25. In context of oligopoly, the kinky demand curve (kinked demand curve) hypothesis is designed to explain:
  26. We get constant returns to scale when:
  27. By increasing the price of its products above those of its competitors, a perfectly competitive seller:
  28. If as a result of a decrease in price, total outlay (expenditures) on a commodity increases, its price-elasticity…
  29. 7.The costs which the firms have to face in order to change the price tags of their products and services…
  30. In the case of substitutes, the cross demand curve slopes