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NET: Assignment_1

Authored by Rosy Sulochana

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NET: Assignment_1
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is not a cause of economic problem?

unlimited wants

limited resources

exchange

alternate uses

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an economic activity?

Production

consumption

distribution

all of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The person who produces or sells goods and services for the generation of Income is....…

Consumers

Buyers

Producers

Entrepreneurs

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who has written the book 'Wealth of Nation'?

J. M. Keynes

Adam Smith

Alfred Marshall

A. C. Pigou

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary focus of microeconomics?

  1. National economies  

  1. Individual markets and entities  

  1. Global economic trends  

  1. Government policies  

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Inflation is generally measured using which index in India?

  1. Gross Domestic Product Deflator (GDP Deflator)  

  1. Producer Price Index (PPI)  

  1. Wholesale Price Index (WPI)  

  1. Consumer Price Index (CPI)  

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What characterizes a mixed economy?

  1. Modern and traditional industries  

  1. Commercial and subsistence farming

  1. Public and private sectors  

  1. Foreign and domestic investments  

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