Question 41 MarkMixed economy means co-existence of public and private sector.AnswerTrueView full question & answer→
Question 51 MarkPrimary commodities are manufactured as per social needs in socialist system.AnswerTrueView full question & answer→
Question 61 MarkProfit is in the center in economic progress in socialist economic system.AnswerFalseView full question & answer→
Question 71 MarkState owns the means of production in socialist system.AnswerTrueView full question & answer→
Question 81 MarkInequality of income reduces as income and wealth are concentrated.AnswerFalseView full question & answer→
Question 91 MarkProfit remains in the centre of economic activities in market system.AnswerTrueView full question & answer→
Question 101 MarkElement of competition exists in Market System.AnswerTrueView full question & answer→
Question 121 MarkIf doctor treats the patient with charge, it is not called labour.AnswerFalseView full question & answer→
Question 131 MarkLand is a naturally gifted source of production.AnswerTrueView full question & answer→
Question 141 MarkPoverty is a peculiar feature of developing economy.AnswerTrueView full question & answer→
Question 151 MarkSecondary sector and service sector get boosted compare to primary sector as economic development increases.AnswerTrueView full question & answer→
Question 161 MarkAgriculture and agro based industries are included in primary sector.AnswerTrueView full question & answer→
Question 171 MarkChild rearing by mother is called economic activities.AnswerFalseView full question & answer→
Question 181 MarkEconomic growth is cause and the economic development is a result.AnswerTrueView full question & answer→
Question 191 MarkEconomic development indicates consistent development of national income.AnswerTrueView full question & answer→
Question 201 MarkDevelopment is not only social process but it is multidimensional process of social change.AnswerTrueView full question & answer→
Question 231 MarkIndustries are the chief economic activities in developing countries.AnswerFalseView full question & answer→
Question 241 MarkLower per capita income causes lower living standard.AnswerTrueView full question & answer→
Question 251 MarkIncrease in production caused by innovative research in the economy is called economic growth.AnswerFalseView full question & answer→
Question 261 MarkBy multiplying the total income of the country with total population of the country, we obtain 'per capita income'.AnswerfalseView full question & answer→