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Economics Quiz

Total questions: 45

Worksheet time: 24mins

Name
Class
Date
1.

Nowadays computer falls in category of basic needs

a)

Agree

b)

Disagree

c)

don't know

2.

The people who buy goods and services called (a)  

3.

‘Bigha’ and ‘Guintha’ are

a)

the type of village house

b)

the type of hybrid seeds

c)

the measuring units of grain

d)

the measuring units of land area in village

4.

Finance raised to operate a business is called

a)

labour

b)

enterprise

c)

land

d)

capital

5.

Minimum wages for a farm labourer set by the government is

a)

₹80

b)

₹90

c)

₹115

d)

₹120

6.

The Green Revolution introduced the farmers to

a)

cultivation of wheat and rice

b)

cultivation of green vegetables

c)

cultivation of sugar cane

d)

cultivation of forests

7.

The small farmers constitute about _________ per cent of total farmers in India.

a)

50

b)

60

c)

70

d)

80

8.

The new ways of farming need

a)

less land

b)

more capital

c)

machinery

d)

all of the above

9.

The most abundant factor of production is

a)

labour

b)

land

c)

machinery

d)

all of the above

10.

Multiple Cropping refers to :

a)

Cultivation of wheat and rice

b)

cultivation of two crops in alternate rows

c)

cultivating more than one crop on the same field each year

d)

cultivating crops and rearing animals on the same farm

11.

Working capital stands for :

a)

Tools, machines and buildings

b)

raw materials and money in hand

c)

total share capital

d)

fixed deposits in financial institutions

12.

How many families lives in Village Palampur?

a)

150

b)

250

c)

350

d)

450

13.

Which are the poorest state in India?

a)

West Bengal and Assam

b)

Bihar and West Bengal

c)

Odisha and Bihar

d)

Odisha and West Bengal

14.

What helped West Bengal in reducing poverty?

a)

Land reform measures

b)

green revolution

c)

higher production of grains

d)

all of these

15.

Activities like agriculture, forestry, animal husbandry, fishing and mining are part of ___.

a)

primary activity

b)

secondary activity

c)

tertiary activity

d)

important activity

16.

Machinery, work plants, equipments, buildings are the example of _____

a)

investment

b)

fixed capital

c)

strong capital

d)

felxible capital

17.

Consumption of chemical fertilisers is highest in which state of India?

a)

Haryana

b)

Punjab

c)

M.P.

d)

Delhi

18.

The quality of resources which can be improved through investment in education and training is the ____

a)

resources

b)

company

c)

human capital

d)

machine capital

19.

To grow more than one crop on a piece of land during the year is called _____

a)

multiple cropping

b)

single cropping

c)

seasonal cropping

d)

all of these

20.

(a)   is an important indicator of nutrition deficiency.

21.

What is the aim of Sarva Siksha Abhiyan?

a)

To provide elementary education to women

b)

To provide elementary education to the rural poor

c)

To provide elementary education to all children in the age group 6-14 years

d)

To provide elementary education to the urban poor

22.

Why is literacy rate is low in the females?

a)

lack of equal education opportunities

b)

lack of infrastructure

c)

lack of transport facilities

d)

lack of income

23.
(2) Which of the following resources would economists classify as “capital”?    
a)
Raw Bauxite in a South African mine 
b)
A hammer used in framing a house 
c)
A worker hired to repair engines 
d)
Trees used to make paper 
24.
(3) Which of the following is NOT a consumer good?
a)
a bulldozer at a construction site
b)
a Happy Meal at McDonalds
c)
a pack of Doritos in a vending machine
d)
a television set for sale at an appliance store
25.
Economics is the study of
a)
how society manages its unlimited resources.
b)
how to reduce our wants until we are satisfied.
c)
how to fully satisfy our unlimited wants.
d)
how to avoid having to make trade-offs.
26.
In economic terms, which action shows a person acting as an investor?
a)
A person sells a car to a neighbor.
b)
A person puts money in a savings account.
c)
A person drives students to school.
d)
A person buys a new pair of shoes.
27.

A person who purchases a good or service

a)

consumer

b)

taxes

c)

supply

d)

good

28.

A person who provides a good or service

a)

producer

b)

need

c)

want

d)

consumer

29.

What are the things purchased by consumers?

a)

goods

b)

money

c)

producer

d)

Raw material

30.

(a)   activities contribute or add value to the GDP or National income of the country.

31.

Which one of the following is an Economic activity?

a)

a.A mother nursing a child

b)

b.Painting as a hobby

c)

c. A teacher teaching in school

d)

Helping to beggar

32.

Why human capital is superior to other resources like land and physical capital?

a)

a. Land and capital cannot become useful on its own

b)

b. Human resource can make use of land and capital

c)

c. Human beings posses knowledge and skills

d)

d. Both (a) & (b)

33.

Investment in human capital (through education, training, medical care) is similar to investment in physical capital as_______

a)

a.Both results into higher income generation through increasing the productivity

b)

b.Both are undertaken by the employers/producers

c)

c.Both physical capital & human capital mean the same

d)

d.All of these

34.

When the existing 'human resource' is further developed by becoming more educated and healthy, we call it ___________

a)

a.Human Resource Development

b)

b.Human capital Formation

c)

c. Physical Capital

d)

d. None of these

35.

Q11 Which sector includes shopkeeping ?

a)

Primary sector

b)

Tertiary sector

c)

Secondary sector

d)

None of these

36.

Q10 Operation Flood is related to

a)

Milk production

b)

Produce fish

c)

Control food

d)

Grain production

37.

Q9 When did Green Revolution occur in India ?

a)

1958

b)

1961

c)

1960

d)

1962

38.

Q8 How many families are landless in Palampur ?

a)

200

b)

75

c)

150

d)

100

39.

Q7 The full - form of HYV is

a)

High yielding varieties

b)

Huge yielding varieties

c)

Half yielding varieties

d)

Heavy yielding varieties

40.

Q6 The non - farming activities that are practised by farmers include

a)

Dairy farming

b)

Small scale manufacturing

c)

Transportation of goods and people

d)

All of the above

41.

Q5 What does multiple cropping mean ?

a)

Autumn harvest

b)

Unit of measuring land in India

c)

Growing more than one crop on the same piece of land during a year

d)

Landless farmers

42.

Q4 The main reason why farmers are able to grow 2 or 3 crops in a year is due to ______ ?

a)

Persian wheels

b)

Well developed system of irrigation

c)

HYV seeds

d)

Expansion of land area

43.

Q3 Which of the following is the working capital ?

a)

Cash

b)

Tools

c)

Machines

d)

Land

44.

Q2 Which of the following is used in modern farming method ?

a)

Chemical Fertilizers

b)

HYV Seeds

c)

Both

d)

None of these

45.

Q1 What are the factors of production ?

a)

Land

b)

Capital

c)

Labour

d)

All of these