Question : The other name of Production Possibility Curve is _____________.

Option 1: Production Possibility Boundary

Option 2: Transformation Curve

Option 3: Transformation Boundary

Option 4: All of the above

Question : Characteristics of Indian economy was/were ______

Option 1: Prosperous economy

Option 2: Agrarian economy

Option 3: Well known handicraft industries

Option 4: All of the above

Question : Which of these is not a part of the classification of economic activities carried out in an economy?

Option 1: Production

Option 2: Consumption

Option 3: Distribution

Option 4: Law and order

Question : When means of production are owned, controlled and operated by government sector.
 

Option 1: Capitalist economy
 

Option 2: Socialist economy
 

Option 3: Mixed economy
 

Option 4: All of the above.
 

Question : When means of production are owned, controlled and operated by Private sector.
 

Option 1: Capitalist economy
 

Option 2: Socialist economy
 

Option 3: Mixed economy
 

Option 4: All of the above.