The fundamental economic problem faced by all societies is:
Unemployment
Inequality
Poverty
Scarcity
At first man lived in
Forest
Caves
Land
Houses
________ help to improve our country.
Agriculturist
Labours
Employees
All the above
When demand increases there is an increase of production, consumption, distribution. This is termed as
Economic development
Demand Increment
Growth in demand
Economic Growth
Exchange of goods for goods is known as
Barter System
Trading System
Commercial System
Non financial System
_______ is a place where things are bought and sold in a large amount
House
Store
Retail shop
Market
People work to improve the economy of the country. This is called
National Income
Per Capita Income
Net Income
Gross Income
To fulfill his needs man started to ________ garments footwear etc.
Buy
Sell
Manufacture
________ helps us to grow intellectually.
Money
Food
Medical facilities
Education
Which of the following are the main causes of slow rate of growth of per capita income in India?
I. High capital – output ratio 2. High rate of growth of population 3. High rate of capital formation 4. High level of fiscal deficits
1 and 2
2,3,4
1 and 4
1 and 3