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11th Basics Quiz 1

Authored by Abhinav Upadhyay

Arts

11th Grade

Used 1+ times

11th Basics Quiz 1
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

On which base structure of economic problems has been installed?

Economic Activities related to Limited Resources

Economic Activities related to alternative use of resources

Both (a) and (b)

None of these

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following statement is true?

Human wants are finite

Resources are unlimited

Scarcity problem gives birth to problem of choice

All of these

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is the salient feature of factors (or resources) ?

These are limited as compared to wants

These have alternative uses

Both (a) and (b)

None of the above

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following Is a type of economic activities ?

Production

Distribution

Consumption

All of these

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economy may be classified as:

Capitalist

Socialist

Mixed

All of these

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economy has a co-existence of private and public sectors ?

Capitalist

Socialist

Mixed

None of these

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The main objective of a socialist economy is…….

Maximum production

Economic freedom

Earning profit

Maximum public welfare

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