Business Economics Quiz - 1

Business Economics Quiz - 1

1st Grade

20 Qs

quiz-placeholder

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Business Economics Quiz - 1

Business Economics Quiz - 1

Assessment

Quiz

Professional Development

1st Grade

Hard

Created by

Mr.Pavulraj Commerce-SF

Used 9+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

What does demand and supply analysis study in business economics?

Government regulations

Consumer behavior and market demand

Long-term business strategies

Production costs

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

When did India start liberalizing its economy with major reforms?

1980

1991

2000

2010

3.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Which market structure involves a large number of firms producing identical products?

Monopoly

Oligopoly

Perfect competition

Monopolistic competition

4.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Which of the following remains a critical challenge in rural areas of India?

High employment

Low population density

Unemployment

Excessive urbanization

5.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Which policy involves government spending and taxation to drive economic growth?

Monetary policy

Fiscal policy

Industrial policy

Trade policy

6.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

India is a global leader in which of the following services?

Textile manufacturing

Agricultural production

Information technology and business process outsourcing

Oil extraction

7.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

What is the primary focus of cost and production analysis?

Analyzing economic growth

Studying consumer behavior

Minimizing costs and maximizing output

Developing government policies

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