Three Economic Questions
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Question (English)
Every economic system must answer three questions. Which is NOT one?
- What to produce
- How to produce
- How to distribute
- How to regulate the stock market ✓ Correct
Explanation:
Correct Answer Explanation
The three questions: What to produce, How to produce, How to distribute. Stock market regulation is not one.
Key Points:
- Market economy: Supply and demand answer these.
- Socialist economy: Government decides all three.
- Mixed economy: Government and market together.
📚 About this Topic — CH-2: INDIAN ECONOMY 1950–1990
This multiple choice question is from CH-2: INDIAN ECONOMY 1950–1990, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-2: INDIAN ECONOMY 1950–1990 to strengthen your preparation.
