Social System

Q. Which of the following countries have adopted the socialist system?

1. China
2. France
3. India
4. Russia

Q. Which of the following statements is incorrect?

1 - Socialist system is also known as controlled economic system.

2 - Countries like England, India, and France follow socialist system.

1. Only 1
2. Only 2
3. Both 1 and 2
4. Neither 1 nor 2

Q. Which of the following is/are not a feature of the social system?

1. Resources owned by the state
2. Social welfare over profit
3. Profit over social welfare
4. Consumer protection

Q. Choose the correct option regarding the socialist system by taking the following statements into consideration.

Assertion (A): All economic activities like investment, production, and distribution are controlled by the state.

Reason (R): To address the requirements of the society and avoid producing luxurious and unimportant commodities.

1. Both A and R are true, and R is the correct explanation of A.
2. Both A and R are true, but R is not the correct explanation of A.
3. A is true, but R is false.
4. A is false, but R is true.

Q. Country X is suffering from poverty and unemployment. It is also witnessing an increasing population growth rate. Which of the following measures must be adopted by X?

1 - The state must provide employment.

2 - The basic needs of the people must be overlooked.

3 - Social welfare must be prioritised over profit.

1. 1, 2, and 3
2. 2 and 3
3. 1 and 3
4. 3 only

Q. Which of the following is/are not a feature of the social system?

1. Competition
2. No wastage of resources
3. Exploitation
4. Profit

Q. Which of the following is not an advantage in a socialist system?

1. Competition
2. Distribution of resources
3. No wastage of resources
4. Protection of consumers

Q. Which of the following is/are not an aspect of the social system?

1. Economic freedom of individuals
2. No wastage of resources
3. Removal of disparity in income
4. Exploitation of consumers