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WorksheetsECONOMICS QUIZ
Total questions: 15
Worksheet time: 10mins
Name
Class
Date
1.
For which of the following disciplines is Nobel Prize awarded?
a)
Physics and Chemistry
b)
Physiology or Medicine
c)
Literature, Peace and Economics
d)
All of the above
2.
Golf player Vijay Singh belongs to which country?
a)
USA
b)
Fiji
c)
India
d)
UK
3.
Each year World Red Cross and Red Crescent Day is celebrated on
a)
May 8
b)
May 18
c)
June 8
d)
June 18
4.
The members of the Rajya Sabha are elected for a term
a)
of six years
b)
determined by the state legislative assembly of a state
c)
of four years
d)
None of the above
5.
Economics is...
a)
studying goods, services, and how people can get them.
b)
studying trees, bushes, and other plants.
c)
studying animals and wildlife.
d)
studying food, and how food is made.
6.
An economy based on private ownership of business and consumers freely choose goods and services.
a)
Capitalism
b)
Communism
c)
Traditional
d)
Mixed
7.
Human-made materials used to produce goods and services.
a)
capital
b)
land
c)
labor
d)
entrepreneur
8.
The number of consumers who want and able to buy a good or service.
a)
demand
b)
supply
c)
opportunity cost
d)
entrepreneur
9.
Which of these provides a service?
a)
Pumpkins
b)
Mailman
c)
Turtles
d)
Cars
10.
The people who grow or create goods are called...
a)
producers
b)
consumers
c)
banker
d)
traders
11.
The people who buy goods and services are called...
a)
producers
b)
consumers
c)
banker
d)
traders
12.
Which of the following is a need?
a)
Crayons
b)
Video Games
c)
Basketballs
d)
Houses
13.
If video games are not a need, what are they?
a)
a wish
b)
a dream
c)
a want
d)
a necessity
14.
I want to buy new shoes for $20. I only have $5. How can buy the shoes?
a)
Pay $5
b)
Save my money
c)
Trade my old shoes for the new shoes
15.
Which of these is a good?
a)
Librarian
b)
Teacher
c)
Computer
d)
Mechanic
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