Economics Mcqs
Economic development in Japan after World War II and in Communist China since the 1980s in similar in that both nations have sought to ?

A. End foreign investment
B. Develop their vast natural resources to achieve economic growth
C. Utilize the concepts of capitalism to improve their economies
D. Nationalize most major industries and restrict competition

Which statement best explains China’s economic shift towards capitalism in the 1980s and early 1990s ?

A. China’s economic policies were directly influenced by the success of the soviet economic system
B. The tiananmen square massacre resulted in major economic reforms in china
C. The success of the cultural revolution resulted in the increased westernization of china
D. Communist economic policies were not meeting the needs of the society

Which statement best describes how a command economy functioned in the Soviet Union ?

A. The laws of supply and demand controlled the economy
B. Trade policies mandated that imports exceed exports
C. The success of the agricultural sector controlled the price of manufactured goods
D. A central authority determined the type and quantity of goods to be produced

The economic policy of mercantilism first developed during the ?

A. Age of exploration
B. Enlightenment
C. Cold war
D. Green revolution

Which of the following practices of cultivation can be referred to as crop rotation ?

A. Different crops in different seasons
B. Different crops in the same season
C. The same crop in different seasons
D. None of the above

Which country has the largest area in the world ?

A. Canada
B. China
C. India
D. Russia

Kharif crops include ?

A. Rise & sugarcane
B. Cotton & maze
C. Bajra & jawar
D. All of them