_______ is a place where things are bought and sold in a large amount
House
Store
Retail shop
Market
The buying and selling of commodities is termed as
Buying
Trade
Selling
Retailing
The fundamental economic problem faced by all societies is:
Unemployment
Inequality
Poverty
Scarcity
The main source of India’s national income is
Industry
Agriculture
Forestry
Service sector
________ help to improve our country.
Agriculturist
Labours
Employees
All the above
People purchase commodities from the market to satisfy their needs. This is called
Consumption
Trading
Which of the divisions of economics provide the basic needs to the people who are not getting income.
Production
Distribution
Marketing
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
_______ is the first known occupation to man.
Weaving
Cooking
Teaching