Question : _________ is a market where economic agents can freely exchange their endowments with each other.
Option 1: Market economy
Option 2: Centrally planned economy
Option 3: Aggregate demand based economy
Option 4: Aggregate supply based economy
Correct Answer: Market economy
Solution : A market economy is a system in which privately held companies engage in unregulated competition to set prices and determine production. Market economy is a market where economic agents can freely exchange their endowments which each other.
Question : The market where existing securities are bought and sold is known as ________
Option 1: Primary market
Option 2: Secondary market
Option 3: Capital market
Option 4: Financial market
Question :
Which of the following is an example of an economic environment?
Option 1: Money supply in economy
Option 2: Constitution of the country
Option 3: Life expectancy
Option 4: Population shifts
Question : The Great Leap Forward (GLF) campaign took place in ________
Option 1: 1948
Option 2: 1938
Option 3: 1958
Option 4: 1942
Question : If the value of Investment Multiplier is 5 and the increased income is 800 crore in an economy, the find the value of change in the investment in the economy.
Option 1: 4000 crore
Option 2: 120 crore
Option 3: 400 crore
Option 4: 160 crore
Question : Which of the following does not characterise the business environment?
Option 1: Inter-related
Option 2: Market orientation and product
Option 3: External forces
Option 4: Relativity
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