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Question-1
Free economy is also called

(A) Planned economy	(B) Unplanned economy
(C) Open economy	(D) Complex economy

Question-2
The important feature in Marshall's welfare definition of economics is

(A) Social Science	(B) Scarcity of Means
(C) Efficient Allocation of Resources	(D) Society

Question-3 Who is considered to be the father of Economics?

(A) Pigou	(B)Keynes
(C)Adam Smith	(D)Robbin

Question-4 The word 'Economics' has been derived from which language.

(A) Greek	(B)Roman
(C)Italian	(D)French

Question-5
Marshall's Definition is called

(A) Welfare Oriented definition	(B) Wealth Oriented Definition
(C) Scarcity Oriented Definition	(D) Growth Oriented Definition

Question-6
Economics mainly focuses on

(A) Welfare	(B) Wealth
(C) Choice	(D) All the above

Question-7
The maximum social welfare is the sole objective of

(A) Socialism	(B) Capitalism
(C) Mixed economy	(D) All the above

Question-8
In the absence of a ________,the private businessmen and entrepreneurs have a tendency to exploit common masses and to earn more profits.

(A) Monetary Policy	(B) Fiscal Policy
(C) Tariff Policy	(D) Price Policy

Question-9
The main and the fundamental aim of Economics is to promote

(A) Wealth	(B) Human Welfare
(C) Economic Welfare	(D) Production

Question-10
Robbin's Definition is called

(A) Scarcity Oriented Definition	(B) Wealth Oriented Definition
(C) Growth Oriented Definition	(D) Welfare Oriented Definition

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Std 9

ICSE/ISC

Practice in Related Chapters
Consumer Awareness
Infrastructure of the Indian Economy
Basic Concepts of Economics
An Overview of Indian Economy
Globalisation