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economics

Total questions: 9

Worksheet time: 5mins

Name
Class
Date
1.

Which of the following is not a flow?

a)

Capital

b)

Income

c)

Investment

d)

Depreciation

2.

In a closed economy,___________ is not included.

a)

Household

b)

Firms

c)

Government

d)

Foreign sector

3.

Which of the following is a phase of circular flow of income?

a)

Generation Phase

b)

Distribution phase

c)

Disposition phase

d)

All of these

4.

Study of general price level is subject matter of:

a)

Microeconomics

b)

Macroeconomics

c)

Both (a) and (b)

d)

None of these

5.

Economic agents include:

a)

Government

b)

Consumers

c)

Producers

d)

all of these

6.

Final goods refer to those goods which are used either for:

a)

Consumption, investment

b)

Consumption, Resale

c)

Resale, Investment

d)

Resale,further production

7.

Macroeconomics is concerned with:

a)

the level of output of goods and services in the economy

b)

the general level of prices

c)

GDP growth

d)

all of these

8.

Sugar purchased by a Sweet shop is an ___________good, it is a ________good when it is purchased by a consumer.

a)

Capital, final

b)

final, intermediate

c)

intermediate, final

d)

final, producer

9.

Which of the following are covered under the domestic territory of India?

a)

state bank of India in London

b)

Office of Tata Motors in Australia

c)

Google office in India

d)

Russian Embassy in india