Who is referred as ‘Father of Capitalism’?

(a)

Adam Smith

(b)

Karl Marx

(c)

Thackeray

(d)

J M Keynes

The country following Capitalism is ________________

(a)

Russia

(b)

America

(c)

India

(d)

China

Identify The Father of Socialism

(a)

J M Keynes

(b)

Karl Marx

(c)

Adam Smith

(d)

Samuelson

An economic system where the economic activities of a nation are done both by the private and public together is termed as__________

(a)

Capitalistic Economy

(b)

Socialistic Economy

(c)

Globalisic Economy

(d)

Mixed Economy

Identify the sectors of a Two Sector Model.

(a)

Households and Firms

(b)

Private and Public

(c)

Internal and External

(d)

Firms and Government