Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Indian Economy:1950-1990

Question:

Match the following:

 

1. Capitalism A. Government take control of the economic activities
2. Socialism B. Both govt and market forces influence demand and supply
3. Mixed Economy C. Control of everything is in one hand
4. Monarchy D. Market forces determines demand and supply 
Options:

1-A, 2-C, 3-D, 4-B

1-D, 2-A, 3-B, 4-C

1-B, 2-C, 3-A, 4-D

1-C, 2-B, 3-D, 4-A

Correct Answer:

1-D, 2-A, 3-B, 4-C

Explanation:

The above table shows the characteristics associated with different economic systems.