Civics Polity · Economics

Political and Economic Systems

1,968 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

One way the New Deal and the Great Society are similar is that both programs were based on

  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.

Multiple choice

Which of these was a major philosophy expressed in the Declaration of Independence?

  1. support for states' rights and slavery

  2. a belief in the natural rights of citizens

  3. the need for a federal system of government

  4. a belief in the benefits of a laissez-faire economy
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The Declaration of Independence is heavily influenced by Enlightenment philosophy, particularly the belief that all individuals possess inherent, unalienable rights such as life, liberty, and the pursuit of happiness.

Multiple choice

Which definition best describes laissez-faire?

  1. Government stays out of business affairs

  2. Strict laws and regulations in the stock market

  3. Government-provided unemployment insurance

  4. The outlawing of monopolies
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Laissez-faire is an economic philosophy advocating for minimal government intervention in the economy and business affairs.

Multiple choice

Over the past several decades, India has shifted from a...

  1. capitalist (free market) to socialism.

  2. socialism to capitalist (free market).

  3. authoritarian state to a dictatorship.

  4. democracy to a authoritarian state.
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Following economic reforms in 1991, India moved away from its socialist-inspired, state-controlled economy toward a more liberalized, capitalist, free-market system.

Multiple choice political science directive principles of state policy savings, investment, wealth, welfare and business cycle fundamental duties and directive principles fundamental duties and directive principles of state policy

In a welfare state, the government ____________.

  1. Restricts the liberty of the individuals

  2. Determines the fashion of the people

  3. Controls the trade and commerce

  4. Helps the people against poverty, old age and unemployment
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

In welfare state the government helps the people against poverty, old age and unemployment. The term ‘welfare state’ describes collectively a range of social policies that aim to provide basis services such as health and education, according to the need and normally, free of charge through state funding.

Multiple choice political science directive principles of state policy savings, investment, wealth, welfare and business cycle fundamental duties and directive principles fundamental duties and directive principles of state policy

Individual liberty is best reflected in a ___________.

  1. Socialist State

  2. Communist State

  3. Welfare State

  4. Fascist State
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Individual liberty is best reflected in a Welfare State. The welfare state is a concept of government in which the state plays a key role in the protection and promotion of the social and economic well-being of its citizens.

Multiple choice sociology social institutions concepts of social institutions study of sociology sociology : what? why?

The study of social institutions is important to understand the ___________.

  1. Society

  2. Economy

  3. Polity

  4. None
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Social institutions fulfill the social needs of human beings. Social institutions are those roles, status, values, and norms which provide to the social needs of human being. They keep human life organizational and systematic.

Multiple choice sociology social institutions concepts of social institutions study of sociology sociology : what? why?

Social Institutions fulfill the _________ needs of human beings.

  1. Social

  2. Economic

  3. Political

  4. None
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The Social Institution fulfill the social needs of a human being essential to survive in a society. The needs like shelter, food, sexual desire, companionship, dependence, procreation are fulfilled by social institutions.

Multiple choice political science gender inequality across the wall gender disparity global problems and india's role human rights : origin, characteristics and types international problems problems affecting the world

To eliminate economic inequality and concentration of wealth, Sarvodaya advocates ________________.

  1. Non-possession

  2. State run co-operatives

  3. Trusteeship

  4. Social ownership of wealth
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Sarvodaya is translated as upliftment of all. It is the concept developed on the basis of equal income distribution. Gandhi developed this idea upon reading a book on political economy. To eliminate economic inequality and concentration of wealth, Sarvodaya advocates trusteeship. 

Multiple choice political science importance and principles of secularism preamble of the indian constitution principles of secularism preamble to the constitution

In a ___________ State, all have a right over the wealth of the country.

  1. Socialist

  2. Capitalist

  3. Secular

  4. None of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Socalism is a political and economic theory which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole. It is a system in which  goods and services are provided through  government ownership rather than through competition and a free market system. Therefore, everyone has a right over the wealth of the country.

Multiple choice commercial applications environment in its totality alternatives for minimising depletion of natural resources components of environment effects and successes of environment conservation

What does the term 'Socialist' mean?

  1. Wealth should be shared only by the rich

  2. Wealth is generated socially and should be shared equally by society

  3. Wealth should be shared only by the poor

  4. Wealth is generated socially and should not be shared by any one
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Socialism in a political and economic context refers to the principle that wealth is generated by the collective efforts of society and should be distributed in a way that promotes social equality rather than individual accumulation.

Multiple choice history russia, 1905-41 the 1905 revolution russian revolution the russian revolution

Which of the following demand/s is/are referred to as Lenin's April Theses?

  1. World war-I should be brought to an end

  2. Land should be transferred to the peasants

  3. Banks should be nationalised

  4. All of these
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Lenin's April Theses included ending the war, transferring land to peasants, and nationalizing banks, making all the listed options correct.

Multiple choice history russia, 1905-41 the 1905 revolution russian revolution the russian revolution

What is the term used when factories are taken away from private owners and run by the state?

  1. Privatized

  2. Nationalized

  3. Socialism

  4. Proletariat
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation
  • Nationalisation means when the factories are taken away from private owners and run by the state. The profits then belong to the state.
  • All factories in Russia were nationalized as per the War Communism policies.