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

2. 
Which country first tried market socialism under communism?

3. 
What term did Oscar Lange create for his economic idea?

4. 
What idea did the Washington Consensus seem to revive?

5. 
What did the Washington Consensus suggest about trade?

6. 
How did communist economies differ from socialist ones?

7. 
What did Adam Smith call the market’s self-regulating force?

8. 
What did Adam Smith say was needed for a market economy to work well?

9. 
What is the name of Japan’s interventionist economic policy?

10. 
What term became linked to the Washington Consensus?

11. 
What did Adam Smith’s ‘laissez-faire’ idea mean?

12. 
What was China’s 1985 policy called?

13. 
What did the Washington Consensus suggest for public spending?

14. 
Who wrote the book that started the capitalistic economy?

15. 
Who developed the ideas that led to the state economy?

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