ICSE/ISC Std 9 Study Materials, Online Learning, Question Papers, Classnotes, Practice Test, MCQ | Smartindia Educational Program : www.smartindia.net.in

Question-1 Who is considered to be the father of Economics?

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

Question-2
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-3
It is a system in which people produce simple goods in limited numbers or quantities for the satisfaction of their wants.

(A) Simple economy	(B) Complex economy
(C) Open economy	(D) Closed economy

Question-4
Economics mainly focuses on

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

Question-5
Economic transactions between the consumers and the producers allows _____________in an economy.

(A) Increase	(B) Decrease
(C) Both A & B	(D) Constant

Question-6
Marshall's Definition is called

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

Question-7
Robbin's Definition is called

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

Question-8
Agricultural productivity can be improved through

(A) Factors of production	(B) Income opportunities
(C) Organising business activities	(D) Industrialization

Question-9
The basic functions of an economy are production,consumption and

(A) Investment	(B) Human wants
(C) Alternative use of resources	(D) All the above

Question-10
Who is considered to be the father of Economics?

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

Click here to see your answersheet and detailed track records.

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