Smartindia Classroom
CONTENTS
English
Economics
History & Civics
Back to home
Start Practice
Question-1
Economic goods are _________ quantity
(A)
limited
(B)
unlimited
(C)
infinite
(D)
None of these
Question-2
__________ goods are those goods used again and again in consumption or production.
(A)
single use goods
(B)
singular goods
(C)
durable goods
(D)
none of these
Question-3
________ is an important feature of economic goods
(A)
produced with scare resources
(B)
can satisfy human wants
(C)
they are priced
(D)
all of these
Question-4
_______ are example of durable goods
(A)
factories
(B)
tools
(C)
machineries
(D)
all of these
Question-5
__________ are those goods which are further processed before they are used
(A)
material goods
(B)
non material goods
(C)
intermediate goods
(D)
all of these
Question-6
________are those goods which are produced by scare resources and are capable of satisfying human wants.
(A)
Economic goods
(B)
natural goods
(C)
Zero cost goods
(D)
none of these
Question-7
Non-Economic goods are _________ quantity
(A)
limited
(B)
unlimited
(C)
finite
(D)
None of these
Question-8
Find out an economic good
(A)
sunshine
(B)
petroleum products
(C)
air
(D)
all of these
Question-9
The basic focus of economics is to understand the utilization pattern of _______
(A)
economic goods
(B)
non economic goods
(C)
free goods
(D)
all of these
Question-10
Economic goods are _________
(A)
free gift of nature
(B)
man made
(C)
nature made
(D)
None of these
Your Score 0/10
Click
here
to see your answersheet and detailed track records.
Plus 2 Humanities
ICSE/ISC
Practice in Related Chapters
Micro Economic Theory
Theory of Consumer Behavior; Marginal Utility and Indifference Curve Analysis
Law of Supply and Price Elasticity of Supply
Laws of Returns - Returns to a Factor and Returns to Scale
Demand and Law of Demand
Elasticity of Demand
Cost and Revenue Analysis
FORMS OF MARKET
EQUILIBRIUM OF FIRM
Determination of Equilibrium Price and Output Under Perfect Competition Monopoly and Monopolistic
Equilibrium Price: Market Price
Nature of Goods and Services Produced
National Income Aggregates
INTERNATIONAL TRADE; NEED AND BASIS
Balance of Payments
Theory of Distribution: Marginal Productivity Theory and Determination of Wages
Public Expenditure
PUBLIC DEBT
Fiscal Policy and Deficit Financing
The Theory of Distribution: Rent, Interest and Profit
National Income and Circular Flow of Income
Measurement of National Income
- GOVERNMENT BUDGET
PUBLIC FINANCE;TAXATION
Powered By