Predominance of bureaucracy and the resulting inefficiency and delays which may lead to corruption, red tapism is a demerit of:
CA Foundation · Business Economics · PYQS · January 2026
Predominance of bureaucracy and the resulting inefficiency and delays which may lead to corruption, red tapism is a demerit of:
Suggested Answer and Working Notes:
Correct Answer: Option (B)
B. Socialist economy
Topics: Nature & Scope of Business Economics