Question 1

Market Mechanism is a feature of.
A)Mixed economy.
B)Capitalism.
C)Socialism.
D)Marxism.

Accepted Answer

Market mechanism is a defining feature of capitalism, where prices and the distribution of goods and services are determined by the market rather than by government intervention.

Question 2

Licensing system in a mixed economy means
A)Issue of licence by the government.
B)Control over production and distribution of resources
C)Routine work of administrators.
D)None of the above.

Accepted Answer

The answer of Licensing system in a mixed economy means
A)Issue...

Question 3

Indian economy before 1990 was known for its style of functioning as a
A)Socialist economy.
B)Planned economy.
C)Mixed economy.
D)Capitalist economy.

Accepted Answer

The answer of Indian economy before 1990 was known for...

Question 4

The pillar of economic development for Mahatma Gandhi was
A)Grama Swaraj
B)Trusteeship
C)Decentralisation
D)Sarvidaya.

Accepted Answer

Gandhi's concept of economic development was rooted in the idea of "Grama Swaraj," which emphasizes self-sufficient and autonomous village communities as the foundation of India's economic structure.

Question 5

"Tryst with Destiny" is associated with
A)Sardar Patel
B)Jawaharlal Nehru.
C)M.N Roy.
D)M.K.Gandhi.

Accepted Answer

"Tryst with Destiny" is a speech delivered by Jawaharlal Nehru, the first Prime Minister of independent India, on the eve of India's Independence, on August 14, 1947.

Quiz 1: Development Administration and Economic Models: A Comprehensive Overview

Market Mechanism is a feature of.

Licensing system in a mixed economy means

Indian economy before 1990 was known for its style of functioning as a

The pillar of economic development for Mahatma Gandhi was

"Tryst with Destiny" is associated with