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.
 

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 : The economic system in which all the means of production are owned and controlled by private individuals for profit.

Option 1: Socialism

Option 2: Capitalism

Option 3: Mixed economy

Option 4: Communism

Question : It is defined as making major economic decisions by the conscious decision of a determinate authority, on the basis of a comprehensive survey of the economy as a whole.
 

Option 1: Economic planning
 

Option 2: Mixed economy
 

Option 3: Socialist economy
 

Option 4: Capitalist economy
 

Question : __________ refers to all such activities, services and facilities, which are needed to provide different kinds of services in an economy.
 

Option 1: Infrastructure
 

Option 2: Socialist
 

Option 3: Capitalist
 

Option 4: Commercialisation of agriculture