Economics · Economy
A closed economy is an economy in which:
- 1Neither exports nor imports take place✓
- 2Deficit financing takes place
- 3Money supply is fully controlled by the central bank
- 4Only exports take place
Correct answer
Neither exports nor imports take place
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Want more practice questions on Economy?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Economy