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Question-1
Economics is a ________ science.
(A)
Social
(B)
Political
(C)
Moral
(D)
Computer
Question-2
In general capital means
(A)
Building
(B)
Machinery
(C)
Money
(D)
Profit
Question-3
Economic growth can be shown by
(A)
An inward shift of the PPF
(B)
A movement along the PPF
(C)
An outward shift of the PPF
(D)
None of these
Question-4
The reward paid to capital is
(A)
Rent
(B)
Wages
(C)
Interest
(D)
Profit
Question-5
Investment in education is called _______ capital.
(A)
Physical
(B)
Human
(C)
Money
(D)
Fixed
Question-6
In economics the central problem is
(A)
Allocation
(B)
Production
(C)
Scarcity
(D)
Consumption
Question-7
The reward paid to labour as a factor of production is
(A)
Rent
(B)
Wages
(C)
Profit
(D)
Interest
Question-8
The demand for a factor is
(A)
A direct demand
(B)
A derived demand
(C)
An excess demand
(D)
Increase in demand
Question-9
Wages paid in money terms is called
(A)
Real wages
(B)
Nominal wages
(C)
Wages
(D)
Price
Question-10
Wages is the reward for
(A)
Labour
(B)
Land
(C)
Capital
(D)
Organisation
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Std 7
Tamil Nadu (English Medium)
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