Basic Economics Quiz

What is the primary sector

• extraction of raw materials eg. Mining, Agriculture, Fishing and Forestry

• goods and services that are not entirely produced

Who is the father of Economics?

• Adam Smith

• David Ricardo

The study of determining prices in the individual market is called

• Micro Economics

• Macro Economics

what does RBC represents?

• Real Business Cycle

• Random Business Cycle

Economics Reform measures in India formally introduced in

• August 1980

• July 1991