Directions How to Answer

Aptitude Test Topic: General Knowledge

General Knowledge Section consists of MCQs on World Geography, Atmosphere, Science and Literature, events, Current Affairs, Pakistan Affairs, and International Organizations.

Directions

The following are questions on Your General Knowledge. 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.

General Knowledge: Economics Practice MCQ

Question Statement:

Capitalism is based upon “Laissez-faire system”. What is “Laissez-faire system”? [A] [B]

No governmental intervention

Maximum governmental intervention

Role of Market Forces is Minimum

Limited government Intervention

Explanation:

Correct Answer: A

Laissez faire refers to the economic policy of letting owners of industry and business set working conditions without interference. This policy favour a free market unregulated by the government. The term comes from a French phrase that means “let do”.

Question: 8 Test: 1 of 2 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 8 and Test Number 1 of General Knowledge: Economics. To deal with General Knowledge 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: Capitalism is based upon “Laissez-faire system”. What is “Laissez-faire system”? [A] [B] .... with options: No governmental intervention, Maximum governmental intervention, Role of Market Forces is Minimum, Limited government Intervention can be solved with the concepts and understanding of General Knowledge.