Basic Economic Entities

Basic Economic Entities

9th Grade

20 Qs

quiz-placeholder

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Basic Economic Entities

Basic Economic Entities

Assessment

Quiz

Business, Education, Other

9th Grade

Practice Problem

Hard

Created by

Jyothi Ganeshwar

Used 83+ times

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20 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

1 min • 1 pt

What are the two main functions of an economy?

To produce goods and services to satisfy human wants.

To maintain a system of mutual exchange between entities.

To provide employment opportunities to people.

To solve problems related to production consumption and distribution.

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Select the the only way in which fiscal policy helps our country

Balancing the export and import of commodities.

controlling inflation.

controlling and regulating the supply of money and availability of credit.

decreasing capital accumulation.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

State the correct factor of production with its form of income generation.

Land-Rent

Labour-Profit

Capital-Wages

Organisation-Interest.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

To raise the rate of investment is an Indirect role of a government.

True

False

5.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

How can the state check the concentration of economic power in a few hands?

Nationalization of Industries

Through progressive tax system.

Through its expenditure policy.

Through Demonetization

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Under basis of nature of consumption consumers may be classified as

Direct Consumers

Indirect Consumers

Tertiary consumers

Modern Consumers

Consumers by exchanging goods.

7.

FILL IN THE BLANK QUESTION

45 sec • 1 pt

Households offer_________________ to the firms and recieve rewards in cash or kind for the services rendered.

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