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 Adam Smith’s ‘laissez-faire’ idea mean?

2. 
How did communist economies differ from socialist ones?

3. 
What did the Washington Consensus suggest for public spending?

4. 
What term did Oscar Lange create for his economic idea?

5. 
What did the Soviet Union call its market socialism efforts?

6. 
What did the Washington Consensus suggest about trade?

7. 
What term became linked to the Washington Consensus?

8. 
Which country first tried market socialism under communism?

9. 
What was China’s 1985 policy called?

10. 
Who wrote the book that started the capitalistic economy?

11. 
What did Adam Smith say was needed for a market economy to work well?

12. 
What is the name of Japan’s interventionist economic policy?

13. 
What idea did the Washington Consensus seem to revive?

14. 
Who developed the ideas that led to the state economy?

15. 
What did Adam Smith call the market’s self-regulating force?

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