WorksheetsChapter 1 BASICS OF ECONOMICS
Total questions: 20
Worksheet time: 10mins
Who is called Father of Modern Economics
Samuelson
Alfred Marshall
Adam smith
F. W, Taylor
The Book "An Inquiry into the nature and causes of the Wealth of the nation" published in 1776 was Written By
Samuelson
Alfred Marshall
Adam smith
F. W, Taylor
who defined economics as "The Study of man in the ordinary business of life"
Samuelson
Alfred Marshall
Adam smith
F. W, Taylor
The world Economics is derived for the greek world
"Oikonomia" or "Oikonomikos"
"Oikanamiaa"
"Oikonomonos"
None of above
Which is not a type of Income
Wages
Commission
Revenue
Discount
Capital Expense refers to the expenditure that _________
Does not create any assets
create an assets
create an liability
None of above
Revenue Expense will have a Nature _________
Regular & Recurring
Irrregular & Non-recurring
only Irrregular
only Non-recurring
Savings = ______
profit - loss
Revenue - profit
Income - Expenditure
None of above
Savings is also called as________
Spent Income
UnSpent Income
Gross Income
None of these
What is the full form of GDP?
Gross Disposable Payment
Gender Diversity Program
Gross Domestic Product
None of these
The Method and Formula used to calculate GDP in India ?
Income Method
GDP = C+G+I+NX
Expenditure Method
GDP = C+G+I+NX
Income and Expenditure Method
GDP = CO+GA+I+NA
None of these
As per the expenditure method, GDP refer to
consumption Expenditure
Investments and Net Exports
Government Expenditure
All of the above
__________is a technique used to calculate the future value of the present cash flows
Exporting
Discounting
Compounding
None of above
Discounting is a technique used to calculate the___________
only present Value
present Value of the future cash flows
presentcash flows of the future Value
None of above
____ is the short cut to estimate the number of years required to double your investment at a given annual Rate of return
Rule of 2
Rule of 32
Rule of 72
Rule of 27
What is the full form of CAGR ?
Compounded Annual Growth Rate
Compounded Application Growth Rate
Capital Annual Growth Rate
None of above
Which of these are example of Direct Taxes ?
Income Tax
Fright Tax
Inheritance Tax
All of the above
Which of these are example of Indirect Taxes ?
Income Tax
Goods & Service Tax
Property Tax
All of the above
Which is not a Factor of Macro Environment
Demographic
Physical
Technological
Customers
Key Factors of Micro Environment business is
Customers
Suppliers
Competitors
All of these
