Q.31)-Hire and Fire' is the policy of-
  • Capitalism
  • Socialism
  • Mixed economy
  • Traditional economy
Q.32)-Rent is a factor payment paid to-
  • Land
  • Restaurant
  • Building
  • Factory
Q.33)-The Economic development depends on-
  • Natural resources
  • Capital Information
  • Size of the market
  • All of these
Q.34)-What are the main components of basic social infrastucture of an economy?
  • Education, Industry and Agriculture
  • Education, Health and Civil Amenities
  • Transport, Health and Banks
  • Industry, Trade and Transport
Q.35)-A mixed economy works primarily through the-
  • Market mechanism
  • Central allocative machinery
  • Market mechanism regulated by government policy
  • Market mechanism guided by government participation and planning
Q.36)-A closed economy is one which-
  • Does not trade with other countries
  • Does not possess any means of international transport
  • Does not have a coastal line
  • Is not a member of the UNO
Q.37)-In an economy, the sectors are classified into public and private on the basis of-
  • Employment conditions
  • Nature of economic activities
  • Ownership of enterprises
  • Use of raw materials
Q.38)-Which of the following is a part of tertiary sector?
  • Power and Transportation
  • Animal Husbandry
  • Cotton Manufacturing
  • Cultivation of Crops
Q.39)-An economic system combining private and state enterprise is called as-
  • Market economy
  • Centrally planned economy
  • Private economy
  • Mixed economy
Q.40)-In a centrally planned economy, the ______________planes all the important activities in the economy.
  • Industrialists
  • Citizens
  • Government
  • Judiciary