Smartindia Classroom
CONTENTS
English
Economics
History & Civics
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Question-1
______ is a finished goods
(A)
Fridge
(B)
wheat
(C)
Rice
(D)
crops
Question-2
Bonds and shares are ________ for goods and services.
(A)
Payments
(B)
not treated as payments
(C)
directly treated as goods
(D)
none of these
Question-3
The pattern of growth rate of national income is ___________ compared with other developing countries
(A)
High
(B)
Low
(C)
Moderate
(D)
None of these
Question-4
The amount of money which is withdrawn from the circular flow of income is known as __________.
(A)
investment
(B)
injection
(C)
savings
(D)
leakage
Question-5
"National Income is the sum total of personal incomes". Do yo agree with this statement ?
(A)
Totally agree
(B)
partially agree
(C)
do not agree
(D)
further data is required
Question-6
__________ is the intermediary between savers and investors .
(A)
Financial institutions
(B)
intermediaries
(C)
middle man
(D)
All of these
Question-7
External sector means ___________.
(A)
Households, business sectors
(B)
Business, household, government and foreign sectors
(C)
Foreign sector
(D)
household and government
Question-8
When an economy develops, the share of _________ in national income
(A)
agriculture rises
(B)
industry goes up
(C)
Service goes up
(D)
Agriculture falls
Question-9
Savings represents _______ from the circular flow of income.
(A)
Leakage
(B)
injection
(C)
Leakage or injection
(D)
none of these
Question-10
National income is not dealing with _________.
(A)
Macro economic variable
(B)
economics of scale
(C)
Index of economic growth
(D)
None of these
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Plus 2 Humanities
ICSE/ISC
Practice in Related Chapters
Micro Economic Theory
Theory of Consumer Behavior; Marginal Utility and Indifference Curve Analysis
Law of Supply and Price Elasticity of Supply
Laws of Returns - Returns to a Factor and Returns to Scale
Demand and Law of Demand
Elasticity of Demand
Cost and Revenue Analysis
FORMS OF MARKET
EQUILIBRIUM OF FIRM
Determination of Equilibrium Price and Output Under Perfect Competition Monopoly and Monopolistic
Equilibrium Price: Market Price
Nature of Goods and Services Produced
National Income Aggregates
INTERNATIONAL TRADE; NEED AND BASIS
Balance of Payments
Theory of Distribution: Marginal Productivity Theory and Determination of Wages
Public Expenditure
PUBLIC DEBT
Fiscal Policy and Deficit Financing
The Theory of Distribution: Rent, Interest and Profit
National Income and Circular Flow of Income
Measurement of National Income
- GOVERNMENT BUDGET
PUBLIC FINANCE;TAXATION
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