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Question-1
Economics mainly focuses on

(A) Welfare	(B) Wealth
(C) Choice	(D) All the above

Question-2
Who is considered to be the father of Economics?

(A) Pigou	(B) Keynes
(C) Adam Smith	(D) Robbin

Question-3
Robbin's Definition is called

(A) Scarcity Oriented Definition	(B) Wealth Oriented Definition
(C) Growth Oriented Definition	(D) Welfare Oriented Definition

Question-4
It is an economy in which country has true relation with other countries and believes interdependence on each other.

(A) Open economy	(B) Closed economy
(C) Simple Economy	(D) complex economy

Question-5
The important feature in Marshall's welfare definition of economics is

(A) Social Science	(B) Scarcity of Means
(C) Efficient Allocation of Resources	(D) Society

Question-6
The main and the fundamental aim of Economics is to promote

(A) Wealth	(B) Human Welfare
(C) Economic Welfare	(D) Production

Question-7
The organizational modifications can be accomplished only by the

(A) Private sector	(B) Public sector
(C) Government	(D) None of these

Question-8
Free economy is also called

(A) Planned economy	(B) Unplanned economy
(C) Open economy	(D) Complex economy

Question-9
It creates the demand for various commodities.

(A) Consumers	(B) Producers
(C) Investors	(D) None of these

Question-10 The word 'Economics' has been derived from which language.

(A) Greek	(B)Roman
(C)Italian	(D)French

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Std 9

ICSE/ISC

Practice in Related Chapters
Consumer Awareness
Infrastructure of the Indian Economy
Basic Concepts of Economics
An Overview of Indian Economy
Globalisation