AP Intermediate Zoology (BIEAP) Practice Questions - Board Of Intermediate Education Andhra Pradesh Intermediate Zoology (Zoology I & II) Exam

Which of the following is a characteristic of a centrally planned economy?

Major resource allocation decisions are made mainly by the government All prices are determined solely by free market forces without any state role Private ownership is the only form of property allowed Consumers alone decide what is produced without state planning

Correct Answer:

Major resource allocation decisions are made mainly by the government

Access more questions from this quiz

Continue to AP Intermediate Zoology (BIEAP) Practice Questions - Board of Intermediate Education Andhra Pradesh Intermediate Zoology (Zoology I & II) Exam for more practice questions and the full quiz experience.

Access More Questions