Question : An economy which does not have any relation with the rest of the world is known as
Option 1: Socialist economy
Option 2: Closed economy
Option 3: Open economy
Option 4: Mixed economy
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Correct Answer: Closed economy
Solution : The correct answer is a Closed Economy.
A closed economy is one in which goods and services are not imported or exported. Instead, the country produces all of its goods and services for the benefit of its people. This economy is the opposite of a free market or an open economy.
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Question : An economy in which there are no flows of labour, goods, or money to and from other nations is ____.
Option 1: Slow economy
Option 2: Mixed economy
Option 3: Closed economy
Option 4: Open economy
Question : The consumer is compared to a king under _______.
Option 1: socialism
Option 2: mixed economy
Option 3: communism
Option 4: capitalism
Question : Which is the oldest tennis tournament in the world?
Option 1: French Open
Option 2: US Open
Option 3: Wimbledon
Option 4: Australian Open
Question : The process by which two immiscible liquids get mixed while one disperses as small droplets within the other is known as ______.
Option 1: separation
Option 2: emulsification
Option 3: caramelisation
Option 4: filtration
Question : The river in India known as the open sewer is:
Option 1: the Ganga
Option 2: the Yamuna
Option 3: the Narmada
Option 4: the Godavari
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