At first man lived in
Forest
Caves
Land
Houses
Exchange of goods for goods is known as
Barter System
Trading System
Commercial System
Non financial System
People who buy and sell small quantities are known as
Buyers
Manufactures
Selling
Retailers
People work to improve the economy of the country. This is called
National Income
Per Capita Income
Net Income
Gross Income
The main source of India’s national income is
Industry
Agriculture
Forestry
Service sector
To prepare budget for the country it is necessary to have knowledge of
Business
Population of the country
Economics
Commerce
In a country what an individual earns is termed as
Per Income
Individual Income
The Indian Economist got Nobel Prize .
Alfred Marshal
Malthus
Paul Samuelson
Amartya Sen
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 fulfill his needs man started to ________ garments footwear etc.
Buy
Sell
Manufacture
All the above