Mixed Economy

Q.

Which sector do you think contributes the greatest share to the national income of India?

1. Agriculture

2. Industry

3. Services

4. Cannot be determined

Q.

Is the USA a market economy or a mixed economy?

Q.

Is the USA a market economy or mixed economy?

Q. Which is a standout feature of a Capitalist or Market Economy?

1. Prices are decided by each and every individual
2. Prices are decided by the government
3. Prices adjust depending on the market mechanism
4. None of the above

Q.

Is the USA a market economy or mixed economy

Q. A mixed economy refers to an economic system where _________.

1. both the government and the private sectors operate simultaneously
2. the economy functions with foreign collaboration
3. only the private sector operates under government control
4. no foreign investment is allowed

Q. Indian economy is most appropriately described as a ________.

1. Capitalist economy
2. Socialist economy
3. None of these
4. Mixed economy

Q. State another name for a Market Economy.

1. None of the above
2. Socialist Economy
3. Mixed Economy
4. Capitalist economy

Q. State whether the following statements are True or False.
U.S.A. has adopted centrally planned economic system.

1. True
2. False

Q. State the derivation of the mixed economy.

1. Mixed economy is derived from the combination of a market economy and a planned economy.
2. Mixed is economy is derived from a combination of a planned economy and a socialist economy.
3. Mixed is economy is derived from a combination of a market economy and a capitalist economy.
4. None of the above

Q. Mixed economy means an economy where ______________________.

1. Both agriculture and industry are equally promoted by the State
2. There is co-existence of public sector along with private sector
3. There is importance of small scale industries along with heavy industries
4. Economy is controlled by military as well as civilian rulers

Q. What is an economic good?

1. Anything that has money value. Anything that is scarce.
2. Commercial and non-commercial goods.
3. Resource Allocation.
4. It actually means that the available quantity is not enough to satisfy our wants.