Organising an Economy

Confident about your Economics knowledge for competitive exams? Take Gkpedia’s free mock test and evaluate your preparation instantly! Covering key topics from exams like SSC CGL, SSC GD, SSC CHSL, SSC CPO, SSC MTS, SBI Clerk, SBI PO, IBPS Clerk, IBPS PO, RRB NTPC, RRB Group D, RRB ALP, RRB JE, RPF Constable, NDA, CDS, UPSC Civil Services, State PSC, CTET, UGC NET, and more, this quiz helps you identify strengths and areas for improvement. Attempt now!
Attempted 5
Attempted
1. 
Who developed the ideas that led to the state economy?

2. 
What did the Washington Consensus suggest about trade?

3. 
What did Adam Smith say was needed for a market economy to work well?

4. 
What is the name of Japan’s interventionist economic policy?

5. 
What did Adam Smith’s ‘laissez-faire’ idea mean?

6. 
Who wrote the book that started the capitalistic economy?

7. 
Which country first tried market socialism under communism?

8. 
What did the Washington Consensus suggest for public spending?

9. 
What term became linked to the Washington Consensus?

10. 
What did the Soviet Union call its market socialism efforts?

11. 
What term did Oscar Lange create for his economic idea?

12. 
What idea did the Washington Consensus seem to revive?

13. 
What did Adam Smith call the market’s self-regulating force?

14. 
How did communist economies differ from socialist ones?

15. 
What was China’s 1985 policy called?

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