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Worksheets

money

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

The word ‘economics’ comes from the

Greek word ..........

a)

Indai

b)

USA

c)

oikonomia

d)

Greece

2.

the

enterprises related to the production,

distribution and consumption of goods and

services in a specific region is called an

................

a)

market

b)

Capatilism

c)

sports

d)

economy

3.

In..................Ownership and

management of means of

production is in the hands

of private individuals.

a)

Mixed Economy

b)

Capitalistic Economy

c)

Socialist Economy

d)

cultural economy

4.

Main aim of ................ is to earn

maximum profit.

a)

Mixed Economy

b)

Socialistic Economy

c)

Capitalistic Economy

d)

Private parties

5.

.......................have adopted Mixed Economy type

of system

a)

china

b)

japan

c)

sweden

d)

pakistan

6.

................. is known as the father

of economics.

a)

Bladameer Lenin

b)

Adam Smith

c)

carl marx

d)

Truman

7.

The recent economic policies are taking

the economy towards .........

a)

Globalisation

b)

Privatision

c)

socialism

d)

Democracy

8.

The means of production in .........belong to the society as a whole i.e. the government’s control

a)

Private economy

b)

Market economy

c)

Socialistic economy

d)

Democratic economy

9.

We use ............ on a large scale in agriculture, trade, finance, administration, law and in our daily life.

a)

economics

b)

money

c)

credit card

d)

cash card

10.

Globalisation means aligning the country’s economy with the world economy. There is and all restrictions on investments are set aside.

a)

restriction

b)

sacrcity

c)

free trade

d)

capatilism