What is the meaning of a 'Closed Economy'?

Question

Economics · Macroeconomics

Verified Solution4 OptionsUpdated: October 2026👁️1 View

Share:

Correct answer

Absence of both imports and exports

Save this question and verified answer as a clean study sheet with live clickable link.

👥

Challenge your peer aspirants on WhatsApp or Telegram to solve this question!

Online Test Series

Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.

Chapter Practice

Want more practice questions on Macroeconomics?

Solve complete topic-wise tests with detailed solutions on GkGet.

Recommended practice questions in Economics · Macroeconomics

The Dandi March, also known as the Salt Satyagraha, was led by which influential leader?

Which act formally granted independence to India, marking the end of British rule?

Who was the key figure in establishing the Indian National Congress?

Answer 1

Both imports and exports are allowed

Answer 2

Absence of both imports and exports

Answer 3

Only exports are allowed

Answer 4

Only imports are allowed

Related Practice Questions