business economics

business economics

5th Grade - University

15 Qs

quiz-placeholder

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business economics

business economics

Assessment

Quiz

Business

5th Grade - University

Hard

Created by

Vinod Kumar

Used 4+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Economics is a science because

systematised study

scientific laws

has its own methodology

all the above

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

positive statements concern what is Normative statements concern

what was

what is the normal situation

what will be

what ought to be

3.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

which of the following statements are positive statements?

1. india is overpopulated

2. agricultural income should be taxed

3. service class should be exempted from income tax

4.there is tremendous tax evasion in india

1 and 2

1 and 3

1 and 4

3 and 4

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The central problem of any economy arises because

unlimited wants

scarce resources having alternative uses

limited wants and unlimited resources

both 1 and 2

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The central problem relating to allocation of resources

what to produce

how to produce

for whom to produce

all the above

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The problem of what to produce relates to

the production of goods

the technique of production to produce goods

the distribution of goods and services

none of these

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Micro economics deals with

inflation in the country

the economic behaviour of an individual unit

the per-capita income

the problems of poverty and unemployment in the country

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