Question

Answer the following questions by choosing the correct alternative:
(1) Economically, India is which type of country?
(A) Developd (B) Backward (C) Developing (D) Poor
(2) According to world bank report 2004. what is the minimum per capita income (in dollars for
a country to be called a developing country?
(A) $ 480
(B) $ 520
(C) $ 735
(D) $ 250
(3) Which system is called free economy?
(A) Socialist System (B) Mixed Economy (C) Market System (D) None of these
(4) Cattle rearing is included in which sector of economy?
(A) Secondary (B) Primary
(C) Service Sector (D) Three of them​

Answer 1

Answer:

1.[c]

2.[a]

3.The free market is an economic system based on supply and demand with little or no government control. ... Free markets are characterized by a spontaneous and decentralized order of arrangements through which individuals make economic decisions.

4.[B]