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Aptitude Test Topic: Economics

This section is comprised of MCQs on Economics.

Directions

The following are questions on Economics. Select the correct option to represent your answer.

To give the answer click/tap the option alphabet for your answer choice. for correct answer green check and for wrong answer a red cross will appear along with a button to show explanation with or without video of the question answer.

Economics: All Topics Practice MCQ

Question Statement:

.The main feature of a capitalist economy is–

Administered Prices

Public Ownership

Economic Planning

Private Ownership

Explanation:

Correct Answer: D

Sol.The main feature of a capitalist economy is private ownership of factors of production. Private owners hold the resources and take decisions to maximise their profits.

Question: 1 Test: 1 of 5 Next Test

Tests

You are taking Aptitude Test No. 1

Each aptitude test is comprised of 10 except the last test which might have fewer than 10 in some topics.

You are at question (MCQ) number 1 and Test Number 1 of Economics: All topics. To deal with Economics questions, you must take lesson on the subject. In case of science and Art subjects revise your text books and in case of general aptitude topics take lessons from the topic page.

The question: .The main feature of a capitalist economy is– .... with options: Administered Prices , Public Ownership, Economic Planning, Private Ownership can be solved with the concepts and understanding of Economics.