When demand increases there is an increase of production, consumption, distribution. This is termed as
Economic development
Demand Increment
Growth in demand
Economic Growth
The buying and selling of commodities is termed as
Buying
Trade
Selling
Retailing
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
In a country what an individual earns is termed as
Per Income
Per Capita Income
Gross Income
Individual Income
To prepare budget for the country it is necessary to have knowledge of
Business
Population of the country
Economics
Commerce
To fulfill his needs man started to ________ garments footwear etc.
Buy
Sell
Manufacture
All the above
Which of the divisions of economics provide the basic needs to the people who are not getting income.
Production
Consumption
Distribution
Marketing
________ helps us to grow intellectually.
Money
Food
Medical facilities
Education
The main source of India’s national income is
Industry
Agriculture
Forestry
Service sector
The fundamental economic problem faced by all societies is:
Unemployment
Inequality
Poverty
Scarcity
