General Knowledge - General Knowledge:

Economics

MCQ - 923-6182

Question:

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
Maximum governmental intervention

Correct Answer: A

Explanation:

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”.

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2091 MCQ for effective preparation of the test of Economics of General Knowledge section.

Read the MCQ statement: Capitalism is based upon “Laissez-faire system”. What is “Laissez-faire system”? [A] [B] , keenly and apply the method you have learn through the video lessons for Economics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 923-6182.

How to Answer

Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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