Directions How to Answer

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 concept of mixed economy means–

To have balanced development in the agricultural and industrial sector

Simultaneous development of the rural and urban sector

To have equal distribution of wealth among the rural and the urban poor

Simultaneous existence of the private and public sector

Explanation:

Correct Answer: D

Sol.Mixed economy is an economic system in which both the state and private sector direct the economy, reflecting characteristics of both market economies and planned economies. It means reflecting both capitalism and socialism.

Question: 4 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 4 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 concept of mixed economy means– .... with options: To have balanced development in the agricultural and industrial sector , Simultaneous development of the rural and urban sector , To have equal distribution of wealth among the rural and the urban poor , Simultaneous existence of the private and public sector can be solved with the concepts and understanding of Economics.