NOTE: These MCQs have been made from the lectures slides

provided by the Sir Agha Salman, its just an practice material.

I just went through these lectures and extracted information
which may be useful and most probably would be examined
in the paper.

ANTICPATED MULTIPLE CHOICE QUESTIONS

(MCQS):.

LECTURE # 8 Economic System:

1. Capitalism is not based on which of the following
philosophical foundations.
 Materialism
 Hedo0nism]
 Liberalism


2. Which is the feature of Capitalism among under

mentioned different options:
 Right of Private Property
 Right of Inheritance
 Freedom of Enterprise
 Competition
 Freedom of Choice
 Profit Motive
 All of the above
3. What are the four demerits of Socialism:
 Rule of Bureaucracy
 Lack of incentive to hard work
 Loss of personal property
 Consumer is deprived of his freedom of choice
4. Which one is not a merit of Socialism:
 Private enterprise is not existed
 Based On Economic Planning
 Claim of Economic equality
 State ownership of means od production
 Emerging of monopolies