________ help to improve our country.
Agriculturist
Labours
Employees
All the above
The fundamental economic problem faced by all societies is:
Unemployment
Inequality
Poverty
Scarcity
______ protect us from diseases.
Education
Medical facilities
Food
Agriculture
The buying and selling of commodities is termed as
Buying
Trade
Selling
Retailing
When demand increases there is an increase of production, consumption, distribution. This is termed as
Economic development
Demand Increment
Growth in demand
Economic Growth
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
_______ is the first known occupation to man.
Weaving
Cooking
Teaching
The main source of India’s national income is
Industry
Forestry
Service sector
________ helps us to grow intellectually.
Money
People work to improve the economy of the country. This is called
National Income
Per Capita Income
Net Income
Gross Income