Economics 2

Which economics system came into existence to ensure "economic freedom of the mankind"

• capitalism

• socialism

• communism

• none of the above

How many kinds of capitalism are there?

• 1

• 2

• 3

• 4

The capitalism system is automatically generated by

• price mechanism

• self interest

• government

• profit

which is not the characteristic of capitalism

• right of private economy

• competition

• classless society

• consumer's sovereignty

An interest free economy is established under

• Islamic economic system

• capitalism

• Socialism

• communism

which economic system grows under instability

• socialism

• capitalism

• communism

• interest free economic system

socialism provides guarantee to fulfill the basic needs of human beings, but at which price or cost

• economic slavery

• economic freedom of human being

• economic exploitation

• none

which economic system is prevailing in Pakistan these days?

• socialism

• capitalism

• interest free economic system

• Islamic economic system

since when commercial banks are advancing interest free loans in Pakistan

• 1 July 1984

• 1 July 1894

• 1 July 1983

• 1 July 1893

The number of banks which are running interest free business are

• 450

• 350

• 250

• 550