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386. What is Laissez-faire ?
A. Mixed economy
B. Controlled economy
C. Non - interference of Government in economic affairs
D. None of these
Explanation:
387. Which of the following is one of the features of Marxism ?
A. Dialectic Materialism
B. Profit motive
C. Freedom of occuption
D. Competition
Explanation:
388. The term "" Dumping"" refers to
A. the sale of a sub - standard commodity
B. sale in a foreign market of a commodity at a price below marginal cost
C. sale in a foreign market of a commodity just at marginal cost without too much of profit
D. smuggling of goods without paying any customs duty
Explanation:
389. ""Capital goods"" refer to goods which
A. serve as a source of raising further capital
B. help in the further production of goods
C. directly go into the satisfaction of human wants
D. find multiple uses
Explanation:
390. Buyers market denotes the place where
A. the supply exceeds the demand
B. the demand exceeds the suply
C. the demand and supply are well balanced
D. commodities are available at competitive rates
Explanation:
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