Description : 'Hire and Fire' is the policy of - (1) Capitalism (2) Socialism (3) Mixed Economy (4) Traditional Economy
Last Answer : (3) Mixed Economy Explanation: In capitalism, people may sell or lend their properly, and other people may buy or borrow them. In many countries with mixed economies (part capitalism and part socialism) there are laws ... we can buy or sell, or what prices we can charge, or whom we can hire or fire.
Description : ‘Hire and Fire’ is the policy of (1) Capitalism (2) Socialism (3) Mixed Economy (4) Traditional Economy
Last Answer : Mixed Economy
Description : Under what economic system is a country's armed forces stronger? :Capitalism or Socialism?
Last Answer : The Soviet Union mustered an undefeatable army during the Second World War, and so did the Capitalist Allies.
Description : The economic system in which both public and private sectors co exist is known as ___economy. A. capitalism. B. socialism. C. democratic. D. republic.
Last Answer : B. socialism.
Description : The economic system in which business units or factors of production are privately owned and governed is called as______. A. capitalism. B. socialism. C. democratic. D. republic.
Last Answer : A. capitalism.
Description : Which of the following system evolved the very idea of human rights? a) Liberal Democracy b) Socialism c) Marxism d) None of them
Last Answer : a) Liberal Democracy
Description : People who like Glenn Beck. Define: Socialism, Marxism, Stalinism?
Last Answer : Are you kidding me?
Description : Which theory promotes the greatest happiness of the greatest number? (a) Liberalism (b) Socialism (c) Marxism (d) Utilitarianism
Last Answer : (d) Utilitarianism
Description : Laissez Faire policy is adopted in A. Socialist Economic system B. Capitalist Economic system C. Mixed Economic System D. Communist Economic System
Last Answer : B. Capitalist Economic system
Description : If free-market capitalism always beats top-down managed states and socialism, why are Republicans so terrified of big, mean China?
Last Answer : Nice essay. Really.
Description : Can there be a situation where over-regulation of a free capitalist economy lead to economic socialism?
Last Answer : answer:I think that the amount of regulation necessary would be unlikely. Also, it would have to actively take wealth and redistribute it, which goes beyond any contemplated regulation.
Description : Which one of the following political system will be most appropriate to achieve the first generation of human rights for both individuals and the state? a) Doctrine of Laissez-faire b) Socialism c) Capitalism d) All of them
Last Answer : a) Doctrine of Laissez-faire
Description : Business enterprise is separate from its owner according to _____ concept. a) Money measurement concept b) Matching concept c) Entity concept d) Dual aspect concept
Last Answer : c) Entity concept
Description : IN WHAT do capitalism and socialism differ?
Last Answer : Capitalism allows for more freedom for businesses than socialismdoes
Description : The _____ socialism seems to fall between capitalism and communism ____. A. increased. B. decreased. C. lowlevel. D. medium.
Last Answer : A. increased.
Description : In communism the state determines one s employer and employment ____. A. socialism. B. economics. C. communism. D. capitalism.
Last Answer : A. socialism.
Description : Liberalization means A. Reducing number of reserved industries from 17 to 8 B. Liberating the industry, trade and economy from unwanted restrictions C. Opening up of economy to the world by attaining international competitiveness D. Free determination of interest rates
Last Answer : B. Liberating the industry, trade and economy from unwanted restrictions
Description : What are the important external factors that constitute the economic environment of Business ? A. economic condition B. economic policy C. economic system D. all of the above
Last Answer : D. all of the above
Description : Which of the following is the vital question in the economic system? A. What to produce B. How to produce C. For whom to produce D. All of the above
Last Answer : D. All of the above
Description : Assertion (A). Industrial policy 1991 initiated liberalisation of Indian economy. Reason (R). Industrial growth was very slow before 1991. A. Both (A) and (R) are true and (R) is the correct explanation of (A). B. Both (A) ... A). C. (A) is true but (R) is false. D. (A) is false but (R) is true.
Last Answer : A. Both (A) and (R) are true and (R) is the correct explanation of (A). B. Both
Description : Which one is not the main objective of Fiscal Policy in India? A. To increase liquidity in economy B. To promote price stability C. To minimize the inequalities of income and wealth D. To promote employment opportunities
Last Answer : A. To increase liquidity in economy
Description : The pre-liberalisation era of Indian Economy was under the grip of A. Unemployment B. Under-employment C. Fiscal Deficit D. Unfavorable and alarming balance of payment
Last Answer : D. Unfavorable and alarming balance of payment
Description : .............. is a term which denotes a mode of production in which capitalism in its various forms is the principal means of production. (a) Colonialism (b) Capitalism (c) Feudalism (d) Liberalism
Last Answer : (a) Colonialism
Description : Sales –Gross Profit = ________ a) Cost of goods sold b) Net sales c) Gross Sales d) Liabilities
Last Answer : a) Cost of goods sold
Description : Cash A/c is a ________ A/c. a) Personal b) Real c) Nominal d) None
Last Answer : b) Real
Description : Match the following components of Business Environment. (a) Economic Environment (i) Exim Policy (b) Social Environment (ii) Customs (c) Political Environment (iii) Social values (d) Legal Environment (iv) Business Law and Banking Act (a) ... (ii) (iv) (a) (b) (c) (d) D. (i) (ii) (iv) (iii)
Last Answer : (i) (ii) (iii) (iv) (a) (b) (c) (d)
Description : Which is true for existing Economic and Industrial policies of Indian Government ? (i) FERA was abolished (ii) MRTP was abolished (iii) Cash compensatory support for export was abolished (iv) Industrial Licensing (except a few ... (iii) and (iv) C. Only (iii) and (iv) D. Only (ii) and (iii)
Last Answer : C. Only (iii) and (iv)
Description : Read the following statements and choose the correct answer (i) Political environment refers to all forces which have an economic impact on business (ii) Economic environment refers to all forces which have an economic impact ... C. (i), (ii) and (iv) are true D. all the statements are false
Last Answer : C. (i), (ii) and (iv) are true
Description : Which among these is not an objective of planning? A. Economic growth B. Setting of heavy industries C. Modernisation D. None of these
Last Answer : B. Setting of heavy industries
Description : A mixed economy refers to an economic system where - (1) The economy functions with foreign collaboration (2) Only t he private sector operates under government control (3) Both the government and the private sectors operate sectors operate simultaneously (4) No foreign investment is allowed
Last Answer : (3) Both the government and the private sectors operate sectors operate simultaneously Explanation: Mixed economy is an economic system in which both the state and private sector direct the ... and that the government wields indirect influence over the economy through fiscal arid monetary policies.
Description : A mixed economy refers to an economic system where (1) The economy functions with foreign collaboration (2) Only the private sector operates under government control (3) Both the government and the private sectors operate sectors operate simultaneously (4) No foreign investment is allowed
Last Answer : Both the government and the private sectors operate sectors operate simultaneously
Description : Why might a centrally planned economy begin encouraging some free enterprise?
Last Answer : Feel Free to Answer
Description : In a free enterprise economy, resource allocation is determined by - (1) the pattern of consumers' spending (2) the wealth of the entrepreneurs (3) decision of the Government (4) the traditional employment of factors
Last Answer : (1) the pattern of consumers' spending Explanation: In a free market economy, resources are allocated through the interaction of free and self-directed market forces. This means that what to ... is determined by producers, and who gets the products depends upon the purchasing power of consumers.
Description : In a free enterprise economy, resource allocation is determined by (1) the pattern of consumers’ spending (2) the wealth of the entrepreneurs (3) decision of the Government (4) the traditional employment of factors
Last Answer : the pattern of consumers’ spending
Description : what's one of the main motivations for individuals in the economic system of capitalism? -General Knowledge
Last Answer : Profit is one of the main motivations for individuals in the economic system of capitalism.
Description : Which type of economic structure is the government given the authority to regulate some of the process of free enterprise?
Last Answer : mixed market
Description : Economic Planning is an essential feature of: A. Capitalist economy B. Socialist Economy C. Mixed Economy D. Dual Economy
Last Answer : B. Socialist Economy
Description : When did IBM introduced the 80286 based PC/AT? a. 1982 b. 1984 c. 1985 d. 1989
Last Answer : b. 1984
Description : In initial years of planning, industrial development was largely based on A. export substitution B. import substitution C. transportation D. none of these
Last Answer : A. export substitution
Description : What economic principle is described as an advanced form of socialism that completely eliminates the difference between the classes and is enforced by authoritarian governments only partial success?
Last Answer : communist
Description : Laissez-faire economics refers to: a) a term denoting economic transactions carried out by the State/government b) economic transactions in private parties where there is no intervention by the State/government c) a branch of socialism focusing on welfare economics d) None of the above
Last Answer : b) economic transactions in private parties where there is no intervention by the State/government
Description : Is capitalism the best long-term economic model? [Please read details].
Last Answer : Capitalism depends on constant growth. A country's economy is rated based on how much it grows. (Rule of Acquisition number 45: Expand or die) This growth requires a constant increase in ... term profits over long term stability, the other factor disqualifying it from being a long term solution.
Description : Economic competition has resulted in class – conflict, increase in capitalism in the society.
Last Answer : Correct the underlined word and complete the sentence : Economic competition has resulted in class – conflict, increase in capitalism in the society.
Description : What are the differences and similarities between Communism and Marxism?
Last Answer : answer:Both came out of the head of Karl Marx-similarity Marxism is a term to refer to an abstraction - the philosophical system created by Karl Marx. Communism is a term to refer to a ... - difference. Example- Christianity as an abstract notion, Catholicism as a form of practice of Christianity.
Description : What is Marxism ?
Last Answer : Marxism is a guide to the way of life , path and method invented by the great Karl Marx . Marx was a very talented saint and philosopher. He made a comprehensive analysis of the ... materialism and scientific socialism , the struggle of the working class movement and the struggle for demands.
Description : The political party which believes in Marxism-Leninism is — (1) Nationalist Congress Party (2) Communist Party of India (3) Dravida Munnetra Kazhagam (4) Bahuj an Samaj Party
Last Answer : (2) Communist Party of India Explanation: The CPI came into existence in 1964 as a result of the division of communist party of India. It is against capitalism and believes in socialism, democracy and secularism.
Description : The basis of Neo-Marxism was………. (a) Public opinion (b) Rationalism(c)Liberty (d) Capital
Last Answer : (a) Public opinion
Description : PEST is an acronym which stands for ________. A. Political, Environment, Societal, Technology. Share institution privatization. B. Political, Economic, Societal, Technological. C. Political, Economic, Social, Technological. D. People, Economy, Standards, Transport.
Last Answer : C. Political, Economic, Social, Technological.
Description : People barter and trade goods. Economic decisions are based on customs. Economies are usually rural and farm-based. Which economic system is described by the list A. mixed B. market C. traditional D. command?
Last Answer : c
Description : In central Europe in the 17th and 18th centuries a. The Thirty years War strengthened German b. The region was highly commercialized and based on capitalism c. Strong monarchies prevailed d. Thirty Years War began modern state system
Last Answer : d. Thirty Years War began modern state system