Top 1,000+ Indian Economy Quiz Questions and Answers 2020-2021 - 3

Question: 11

In a _____ economy there is no central coordinator guiding its operation.

(A) Traditional

(B) Socialist

(C) Mixed

(D) Capitalist

Question: 12

Without use of _____ factor no goods can be produced.

(A) Additional

(B) Derived

(C) Primary

(D) Secondary

Question: 13

Indifference curve assumed that the consumer’s scale of preferences at a given time _____

(A) Remains constant

(B) Varies

(C) Remains one

(D) Remains zero

Question: 14

When demand curve is shifted, the price _____

(A) Rises

(B) Falls

(C) Remains constant

(D) Changes

Question: 15

A successful entrepreneur is one who is ready to accept

(A) Deciding the location of the production unit

(B) Risks

(C) Innovations

(D) None of these