Exchange of goods for goods is known as
Barter System
Trading System
Commercial System
Non financial System
To fulfill his needs man started to ________ garments footwear etc.
Buy
Sell
Manufacture
All the above
_______ is the first known occupation to man.
Agriculture
Weaving
Cooking
Teaching
The buying and selling of commodities is termed as
Buying
Trade
Selling
Retailing
_______ is a place where things are bought and sold in a large amount
House
Store
Retail shop
Market
______ protect us from diseases.
Education
Medical facilities
Food
People purchase commodities from the market to satisfy their needs. This is called
Consumption
Trading
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
To prepare budget for the country it is necessary to have knowledge of
Business
Population of the country
Economics
Commerce
At first man lived in
Forest
Caves
Land
Houses