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Economics in the Real World

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

which economic system grows under instability

a)

Socialism

b)

Communism

c)

Capitalism

d)

Mixed eco system

2.

which economic system is prevailing in Pakistan these days

a)

Capitalism

b)

Socialism

c)

Mixed economy

d)

Islamic economic system

3.

who is exploited under capitalism

a)

Labourers

b)

Landlord

c)

Government

d)

Entrepreneur

4.

which economic system negate economic freedom for the mankind

a)

Capitalism

b)

Socialism

c)

Communism

d)

Mixed economy

5.

Who takes the basic decisions under capitalism

a)

Government

b)

Planning commission

c)

Entrepreneur

d)

Consumer

6.

the basic philosophy of capitalist system is

a)

economic freedom of human being

b)

Economic slavery

c)

Economic exploitation

d)

Economic stability

7.

who should be held responsible for the provision of basic necessities of life under Islamic economic system/interest free economic system

a)

Government

b)

Entrepreneur

c)

Parents

d)

State

8.

socialism provides guaranteed to fulfill basic needs of human beings but at which price/ cost

a)

Economic freedom of human being

b)

Economic exploitation

c)

Economic stability

d)

Economic freedom

9.

Main objective of economic system in islam

a)

Materialism

b)

Good deeds/ajr

c)

Profit purposes

d)

Welfare in life n hereafter

10.

Interest free economy is implemented under

a)

Islamic economic system

b)

Capitalism

c)

Socialism

d)

Communism