1. The erstwhile ___ is an example of socialist economy

A) US
B) USSR
C) USA
D) All of above



2. Which of the following is not a microeconomic subject matter?

A) The price of mangoes
B) The cost of producing a fire truck for the fire department of Delhi, India
C) The quality of mangoes produced for the mangoes market
D) The national economy's annual rate of growth.



3. We mainly study the following in Macro-Economics-I. National income and outputII. General price levelIII. Balance f trade and payments

A) I & II
B) I & III
C) II & III
D) All of the above



4. Which of the following is characterized by the policy of laissez-faire on the part of the state Authorities?

A) Capitalism
B) Socialism
C) Communism
D) Both (A) and (B)



5. The word â??Economicsâ?? originates from the word ___

A) oikomnomikos
B) oikonomikos
C) ekikonomikos
D) ekconomics