WorksheetsJPA Quiz
Total questions: 10
Worksheet time: 2mins
Name
Class
Date
1.
Which of the following is not a factor of production?
a)
Land
b)
Labour
c)
Money
d)
Capital
2.
What does the term 'GDP' stand for?
a)
Gross Domestic Profit
b)
Gross Domestic Product
c)
General Domestic Production
d)
Growth and Development Process
3.
Which of the following is not a type of economic system?
a)
Capitalism
b)
Socialism
c)
Communism
d)
Feudalism
4.
Which of the following is not a function of a commercial bank?
a)
Issuing currency
b)
Providing loans and advances
c)
Facilitating international trade
d)
Providing educational services
5.
Which of the following is a measure of central tendency?
a)
Standard deviation
b)
Mean
c)
Range
d)
Variance
6.
What does the term 'Inflation' refer to?
a)
Decrease in the general price level
b)
Increase in the general price level
c)
Stability in the general price level
d)
Fluctuations in the general price level
7.
What does ROI stand for in business?
a)
Return on Investment
b)
Rate of Income
c)
Revenue of Interest
d)
Risk of Inflation
8.
Which of the following is not a function of money?
a)
Store of value
b)
Unit of account
c)
Double coincidence of wants
d)
Medium of exchange
9.
What is the legal tender in India?
a)
Only coins
b)
Only currency notes
c)
Both coins and currency notes
d)
Gold
10.
Which of the following is a direct tax?
a)
Excise duty
b)
Sales tax
c)
Income tax
d)
Goods & Service Tax
100 %
