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WorksheetsEconomics
Total questions: 7
Worksheet time: 4mins
Name
Class
Date
1.
Who is father of Economics?
a)
Karl Marx
b)
Adam Smith
c)
Amartya Sen
d)
Robinson
2.
Which of the following statements about the use of resources is not one of the key questions in economics?
a)
How are resources used?
b)
Where are resources used?
c)
For what are resources used?
d)
For whom are resources used?
3.
Which of the following statements is true?
a)
Microeconomics is concerned chiefly with the economy as a whole.
b)
Macroeconomics is concerned chiefly with individual markets.
c)
Governments have no influence over market prices.
d)
When economists study the price in a market, their chief aims are to understand why the price is what it is and why it may change
4.
Economic system where government controls everything.
a)
Market
b)
Command
c)
Mixed
d)
Free Enterprise
5.
Economic System where there is limited technology and ideas are passed down from generation to generation
a)
Command
b)
Traditional
c)
Mixed
d)
Market
6.
Type of Economy that is half command and half market
a)
Traditional
b)
Command
c)
Market
d)
Mixed
7.
Which organisation issues Rs 100 notes in India?
a)
b)
c)
d)
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