Economic Environment Quiz

What does the economic environment consist of?

• Type of economic system

• Cultural practices

• Technological advancements

• Geographical features

Which of the following is NOT a factor that affects the economic environment?

• Availability of capital

• Per capita income

• Gross domestic product

• Weather patterns

What do economic conditions refer to?

• Cultural diversity

• Political stability

• Technological innovations

• Set of economic factors

Which of the following is an example of an economic policy?

• Health policy

• Environmental policy

• Industrial policy

• Educational policy

What type of economy has India adopted?

• Capitalist economy

• Traditional economy

• Mixed economy

• Socialist economy

Which economic policy involves government spending and taxation?

• Monetary policy

• Fiscal policy

• Industrial policy

• Trade policy

What is the role of foreign investment policy?

• Manage public sector

• Control inflation

• Encourage foreign capital

• Regulate domestic markets

Which of the following factors is NOT included in economic conditions?

• Growth of foreign trade

• Population growth rate

• Foreign exchange reserve

• Strength of capital market

What does the term 'per capita income' refer to?

• Income of the richest individuals

• Total income of a nation

• Average income per person

• Income generated from exports

Which economic system allows for both public and private sectors?

• Command economy

• Mixed economy

• Socialist economy

• Capitalist economy