100+ World Economy Objective Type Questions and Answers - 2

Question: 6

The wealth may be classified into _____ kinds.

(A) 2

(B) 3

(C) 4

(D) 5

Ans: C

4

Question: 7

_____ is the science of state.

(A) Statistics

(B) Sociology

(C) Politics

(D) History

Ans: C

Politics

Question: 8

The capitalist economy is also called _____ economy.

(A) Mixed

(B) Market

(C) Planned

(D) Command

Ans: B

Market

Question: 9

Economic is the science of making choice under conditions of _____

(A) Materials

(B) Growth

(C) Wants

(D) Scarcity

Ans: D

Scarcity

Question: 10

All decisions regarding production and distribution are taken by the _____ in socialist economy.

(A) Market forces

(B) Planning authority

(C) Society

(D) Private

Ans: B

Planning authority

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