Which of the following is not one of the features of capitalist economy?
Options
ARight of private property
BFreedom of choice by consumers
CNo profit, No Loss motive
DCompetition
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Introduction to Business EconomicsMTP Nov 22Question 714 of 209
All Questions Correct Answer
✅ Option c — No profit, No Loss motive
All Options:
- ARight of private property
- BFreedom of choice by consumers
- CNo profit, No Loss motive
- DCompetition
About This Chapter: Introduction to Business Economics
Paper
Paper 4: Business Economics
Weightage
5%
Key Topics
Meaning, Scope, Price Mechanism
This chapter lays the groundwork for understanding Business Economics as a discipline. It covers the meaning, scope, and nature of economics — including key distinctions like Microeconomics vs Macroeconomics, Positive vs Normative economics, and the fundamental economic problem of scarcity. Students learn how businesses use economic principles for decision-making in a competitive marketplace.
View Official ICAI SyllabusExam Strategy Tip
Focus on definitions and distinctions between concepts. Questions often test whether you understand the difference between Micro and Macro, or Positive and Normative statements.
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