Civics Polity · Economics

Political and Economic Systems

1,987 Questions

Political and economic systems cover governance structures, economic ideologies, and class dynamics. Questions often explore capitalism, feudalism, totalitarianism, and libertarianism. This topic is essential for civil services and university entrance examinations, testing both political science and economics principles.

Political ideologiesTotalitarianism characteristicsCapitalism and anarchismMode of productionSocial class structures

Political and Economic Systems Questions

Multiple choice

Which of the following would appear to be totally out of sync with the present time?

Directions: Answer the given question based on the following passage:

Over one-third of the population of the globe has done away with capitalist social relations and has either built or is building socialism. Progressive forces in all the advanced capitalist countries are working for socialism. More and more nations in Asia, Africa and Latin America, just emerged from colonial and semi-colonial oppression, rejected the capitalist way and set their sights on socialism.
Capitalism stands exposed as a social system that has brought mankind immense calamities. Exploitation of millions upon millions of working people by a handful of financial and industrial magnates; colonialism, ruthlessly oppressing and decimating the population of the colonies; two world wars, which took tens of millions of human lives, and a third world war being prepared by the ultra-reactionary circles of the capitalist states which threatens mankind with disastrous consequences—such is the face of capitalism as it stands in the dock of history. 
Today’s broad and mighty movement towards socialism is a natural and inevitable process, which explains the tremendous interest we find all over the globe in scientific socialist theory.
This collection of Lenin’s writings gives readers the opportunity to find out about the main propositions of scientific socialism and to understand the transition from pre-Marxian unscientific utopian socialist views to the science worked out by Marx, whose conclusions are backed up by profound and comprehensive theoretical analysis of social relations and have been borne out by the whole course of history.
What then is socialism?
The term was first used by the French utopian socialist Pierre Leroux in 1833. Socialism is a society based on social property in the means of production, without antagonistic classes or exploitation. Visions of such a society had tantalised the minds of men long before Leroux wrote about it, and were a reflection of the passionate protest of the oppressed and exploited masses against their intolerable condition.
Humanity’s best minds—the Englishman Thomas Moore in the 16th century, the Italian Tommaso Campanella in the 17th century, the Frenchmen Henri de Saint-Simon and Charles Fourier, the Englishman Robert Owen and the Russian Alexander Herzen and Nikolai Chernyshevsky in the 19th century—proclaimed the need to restructure society on socialist lines and gave much thought to what it should be like. Many of their projections are naïve and unacceptable in the light of our own day, but they have also made some brilliant predictions.
The weakest side of these utopian socialist doctrines was how to go about realising this social ideal and whether it was at all possible. There the utopian socialists proved to be quite helpless. They held that all the defects of capitalism sprang from private property, and they were quite right. But they had no answer as to how private property came to be established in human society, or how it was to be eliminated. They confined themselves to spreading socialist ideas, appealing to the powers that be, and so on. The main flaw of the utopian socialism was the inability to find the way to socialism and failure to realise that the struggle for socialism must rest on a definite social force. Utopian socialism, said Lenin, “criticised capitalist society, it condemned … it had visions of a better order and endeavoured to convince the rich of the immorality of exploitation. But utopian socialism could not indicate the real solution”.
Where was it to be found? There was only one answer: the forces and means of transforming society were to be sought in society itself. But this required an understanding of the laws which govern society, in general, and capitalist society in particular. 

  1. Capitalism as a social system has failed to address the problems of the present day society.

  2. Marxism alone can deliver the present day society from the economic morass it has set into.

  3. Utopian socialism is possible if the ownership of property is withdrawn from private hands.

  4. It is imperative to restructure society on socialist lines and give it a shape to meet the requirements of all.

  5. Progressive forces in all the advanced capitalist countries are working for socialism.

Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

This does not seem to synchronise with the present day needs; hence is the correct answer.

Multiple choice

According to the passage, where does the real solution of the problem lie that utopian socialism could not indicate?

Directions: Answer the given question based on the following passage:

Over one-third of the population of the globe has done away with capitalist social relations and has either built or is building socialism. Progressive forces in all the advanced capitalist countries are working for socialism. More and more nations in Asia, Africa and Latin America, just emerged from colonial and semi-colonial oppression, rejected the capitalist way and set their sights on socialism.
Capitalism stands exposed as a social system that has brought mankind immense calamities. Exploitation of millions upon millions of working people by a handful of financial and industrial magnates; colonialism, ruthlessly oppressing and decimating the population of the colonies; two world wars, which took tens of millions of human lives, and a third world war being prepared by the ultra-reactionary circles of the capitalist states which threatens mankind with disastrous consequences—such is the face of capitalism as it stands in the dock of history. 
Today’s broad and mighty movement towards socialism is a natural and inevitable process, which explains the tremendous interest we find all over the globe in scientific socialist theory.
This collection of Lenin’s writings gives readers the opportunity to find out about the main propositions of scientific socialism and to understand the transition from pre-Marxian unscientific utopian socialist views to the science worked out by Marx, whose conclusions are backed up by profound and comprehensive theoretical analysis of social relations and have been borne out by the whole course of history.
What then is socialism?
The term was first used by the French utopian socialist Pierre Leroux in 1833. Socialism is a society based on social property in the means of production, without antagonistic classes or exploitation. Visions of such a society had tantalised the minds of men long before Leroux wrote about it, and were a reflection of the passionate protest of the oppressed and exploited masses against their intolerable condition.
Humanity’s best minds—the Englishman Thomas Moore in the 16th century, the Italian Tommaso Campanella in the 17th century, the Frenchmen Henri de Saint-Simon and Charles Fourier, the Englishman Robert Owen and the Russian Alexander Herzen and Nikolai Chernyshevsky in the 19th century—proclaimed the need to restructure society on socialist lines and gave much thought to what it should be like. Many of their projections are naïve and unacceptable in the light of our own day, but they have also made some brilliant predictions.
The weakest side of these utopian socialist doctrines was how to go about realising this social ideal and whether it was at all possible. There the utopian socialists proved to be quite helpless. They held that all the defects of capitalism sprang from private property, and they were quite right. But they had no answer as to how private property came to be established in human society, or how it was to be eliminated. They confined themselves to spreading socialist ideas, appealing to the powers that be, and so on. The main flaw of the utopian socialism was the inability to find the way to socialism and failure to realise that the struggle for socialism must rest on a definite social force. Utopian socialism, said Lenin, “criticised capitalist society, it condemned … it had visions of a better order and endeavoured to convince the rich of the immorality of exploitation. But utopian socialism could not indicate the real solution”.
Where was it to be found? There was only one answer: the forces and means of transforming society were to be sought in society itself. But this required an understanding of the laws which govern society, in general, and capitalist society in particular. 

  1. The real solution lay in the capitalist society.

  2. The real solution was to be found in science.

  3. The solution lay in distribution of private property.

  4. The problem lay in society, the solution also lay in society.

  5. The solution had to be found in utopian society itself.

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The solution of the problem lay in the society itself. This adequately answers the question.

Multiple choice
  1. Capitalist economy

  2. Socialist economy

  3. Mixed economy

  4. Communist economy

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Capitalist economy is also known as free market economy because the interference of state is least. Socialist economy is always under direct control of state and means of production are under the state. Mixed economy lies in between the two extremes.

Multiple choice
  1. Capitalist economy

  2. Socialist economy

  3. Mixed economy

  4. Communist economy

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Capitalist economy is also known as free market economy because the interference of state is least or nil. Socialist economy is always under direct control of state and means of production are under the state. Mixed economy lies in between the two extremes.

Multiple choice
  1. capitalist economy

  2. socialist economy

  3. mixed economy

  4. all of these

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Socialist economy is always under direct control of state and means of production are under the state. Capitalist economy is also known as free market economy because the interference of state is least. Mixed economy lies in between the two extremes.

Multiple choice
  1. Capitalist economy

  2. Socialist economy

  3. Mixed economy

  4. Communist economy

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Mixed economy lies in between the two extremes. Socialist economy is always under direct control of state and means of production are under the state. Capitalist economy is also known as free market economy because the interference of state is minimum or nil.

Multiple choice
  1. Capitalist economy

  2. Socialist economy

  3. Mixed economy

  4. Communist economy

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Socialist economy or controlled economy is always under direct control of state and means of production are under the state. Capitalist economy is also known as uncontrolled or free market economy because the interference of state is minimum or nil. Mixed economy lies in between the two extremes.

Multiple choice
  1. capitalist economy

  2. socialist economy

  3. mixed economy

  4. all of these

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Mixed economy lies in between the two extremes. Socialist economy is always under direct control of state and means of production are under the state. Capitalist economy is also known as free market economy because the interference of state is least.

Multiple choice
  1. capitalist economy

  2. socialist economy

  3. mixed economy

  4. dual economy

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Economic planning is a hallmark of a socialist economy, where the state controls the means of production and allocates resources according to a central plan.

Multiple choice
  1. Socialism

  2. Capitalism

  3. Communism

  4. Fascism

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The principle 'From each according to his ability, to each according to his work' is associated with the socialist phase of development, whereas communism typically follows the principle 'to each according to his need'. Socialism rewards individuals based on their contribution or work.

Multiple choice
  1. Empirical liberalism

  2. Existentialism

  3. Darwin's theory of evolution

  4. Dialectical materialism

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Karl Marx explained the process of class struggle with the help of Dialectical Materialism. Dialectical materialism is a strand of Marxism synthesising Hegel\'s dialectics and Ludwig Andreas Feuerbach\'s materialism. According to certain followers of Karl Marx, it is the philosophical basis of Marxism, although this remains a controversial assertion due to the disputed status of science and naturalism in Marx\'s thought. The basic idea of dialectical materialism is that every economic order grows to a state of maximum efficiency, while at the same time developing internal contradictions or weaknesses that contribute to its decay.

Multiple choice
  1. volunteer organizations should take over gov relief efforts

  2. Gov should impose fewer regulations on business

  3. states should pay a larger share of the cost of gov programs

  4. the federal gov should do more to help citizens in need

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Both the New Deal (1930s) and the Great Society (1960s) were expansive federal programs designed to address social and economic problems, such as poverty and unemployment, through direct government intervention.