Q.1
An economy succeeds in producing resources efficiently when
  • Goods and services are produced without resources being wasted.
  • The total number of goods manufactured is high.
  • The resources employe are the best
  • The resources employed for highly valued uses.
Q.2
A system of government in which power is divided between a central authority and a number of individual states
  • Federal
  • Unitary
  • Confederate
  • None of These
Q.3
Fundamental facilities and systems serving a country, city, or area, as transportation and communication systems, power plants, and schools
  • Globalization
  • Infrastructure
  • Industrialization
  • All of these
Q.4
Elected leaders do the day to day work of governing the country: they consider the issues, work to find the solutions, pass laws, and stuff to keep the country going. although citizens have the ultimate power
  • representative democracy
  • direct democracy
  • oligarchy
  • none of these
Q.5
OC full form
  • Opportunity Cost
  • Optical Carrier
  • Optical Connection
  • Orange County
Q.6
Full form of MOC
  • Marginal Opportunity Cost
  • Ministry of Coal
Q.7
Which country can have a high export materials of wood and timber?
  • Somalia
  • Uzbekistan
  • Sweden
  • Egypt
Q.8
Nomadic herding is
  • mainly to produce food for the family and to fulfill the needs
  • timber or wood production
  • crops only for one's own use
  • All of above
Q.9
Capital of Israel
  • Jerusalem
  • Tel-Aviv
  • Tehran
  • Both A & B
Q.10
Countries in Central Asia can't rely on crude oil export because of
  • Climate
  • Political issues
  • Physical geography
  • Low eonomy
Q.11
Subsistence farming is
  • animals raised for meat, eggs, milk, fur, leather, and wool
  • crops only for one's own use
  • for sale only
  • None of these
Q.12
Which country in Central Asia culturally more close to Persians rather than Turkic nations
  • Uzbekistan
  • Mongolia
  • Tajikistan
  • Kyrgyzstan
Q.13
Main export item of the Middle Eastern countries
  • Fruits and vegetables
  • Clothes
  • Oil
  • Cotton
Q.14
What is the capital of Turkmenistan?
  • Bishkek
  • Astana
  • Manama
  • Ashgabat
Q.15
What does export mean?
  • Selling goods to another country
  • Planting tree in desert area
  • Buying goods from another country
  • All of above
Q.16
What does Capitalism entail?
  • Free Enterprise
  • Profit Motive
  • Competition
  • All of these
Q.17
System of resource allocation, commerce, and trade in which markets coexist with government intervention
  • Free market
  • Mixed Market
  • Command
  • Both A & B
Q.18
An economy in which production, investment, prices, and incomes are determined centrally by a government.
  • Free Market
  • Mixed Market
  • Command
  • None of these
Q.19
Marx believed in
  • Private Ownership of the Means of Production
  • Dictatorship of the Proletariat
  • Religion
  • Profit Theory of Value
Q.20
How do Governments Make Money?
  • Tax the population
  • Go into business
  • Borrow
  • All of these
  • None of these
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