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Basic Economic Activities Quiz

Total questions: 106

Worksheet time: 2hrs 51mins

Name
Class
Date
1.

What is the most basic economic activity?

a)

Human

b)

Seller

c)

Buyer

d)

Government

2.

What is the purpose of production activity?

a)

Producer's life

b)

Social life

c)

Investor's life

d)

Consumer's life

3.

What is the activity of dividing production factors among different production sectors and units to create products called?

a)

Exchange activity

b)

Consumption activity

c)

Production activity

d)

Distribution activity

4.

What is the activity of delivering products to consumers called?

a)

Exchange activity

b)

Consumption activity

c)

Production activity

d)

Distribution activity

5.

What economic activity involves using goods, services to satisfy production and living needs?

a)

Exchange activity

b)

Consumption activity

c)

Production activity

d)

Distribution activity

6.

In our country's economy, which activity plays a decisive role in determining other activities?

a)

Distribution activity

b)

Exchange activity

c)

Production activity

d)

Consumption activity

7.

What economic activity did the manufacturer perform by dividing factors such as dough, crust, and box for different production units while making buns?

a)

Distribution activity

b)

Exchange activity

c)

Production activity

d)

Consumption activity

8.

What economic activity did Company X perform by narrowing down the production of men's and women's dress shirts to fulfill orders?

a)

Distribution activity

b)

Exchange activity

c)

Production activity

d)

Consumption activity

9.

What economic activity did company X excel in to maintain production during the pandemic?

a)

Distribution activity

b)

Exchange activity

c)

Production activity

d)

Consumption activity

10.

What are those who produce and supply goods and services to the market called?

a)

Producers

b)

Consumers

c)

Intermediaries

d)

Government

11.

Which entity is responsible for the sustainable development of society?

a)

Producers

b)

Consumers

c)

Intermediaries

d)

Government

12.

Individuals or organizations that act as a bridge between producers and consumers in the market are known as

a)

Producers

b)

Intermediaries

c)

Consumers

d)

Government

13.

In a market-oriented socialist economy, what is the role of the state in managing the economy through state economic management functions?

a)

Producers

b)

Intermediaries

c)

Consumers

d)

Government

14.

Choosing to consume environmentally friendly products, avoiding products processed from wild animals, products from polluting enterprises, harmful to human health, reflects what concept of consumer entities?

4 lines
15.

What does the product made from wildlife, produced by businesses causing pollution, environmental destruction, and harm to human health, reflect about the consumer entity?

a)

Concept

b)

Nature

c)

Role

d)

Responsibility

16.

In the case where Mr. X is the owner of a company specializing in producing shoes, daily he supervises and guides employees on how to make standard products. The company's products are trusted by many consumers. In this case, what economic entity does Mr. X participate in?

a)

Producer Entity

b)

Intermediary Entity

c)

Consumer Entity

d)

State Entity

17.

With a chain of stores and shopping centers nationwide, the C supermarket system has been and is acting as a bridge between producers and consumers, ensuring to bring the best quality products to people. Besides, the supermarket system also offers a series of product introduction programs, promotions, customer care policies, creating peace of mind and trust for consumers. What economic entity is mentioned in the above case?

a)

Producer Entity

b)

Intermediary Entity

c)

Consumer Entity

d)

State Entity

18.

The National Assembly of Vietnam has approved the investment policy of the National Target Program for Sustainable Poverty Reduction for the period 2021-2025. Accordingly, the Government mobilizes various resources along with the state budget to invest, implement the goal of sustainable poverty reduction, limit recurrent poverty and emerging poverty; support the poor, poor households to rise above the minimum living standard, access basic social services, improve the quality of life. The above information refers to which economic entity?

a)

Producer Entity

b)

Intermediary Entity

c)

Consumer Entity

d)

State Entity

19.

Which entity of the economy do the mentioned information refer to?

a)

Producer entity

b)

Intermediate entity

c)

Consumer entity

d)

State entity

20.

What is the term for the areas of exchange and trade where economic entities interact to determine prices and quantities of goods and services?

a)

Market

b)

Market mechanism

c)

Economy

d)

Buying and selling activities

21.

What function of the market is demonstrated when the market recognizes the social utility of goods and labor, even if it is wasteful to produce them?

a)

Regulatory function

b)

Restrictive function

c)

Information function

d)

Recognition function

22.

Which type of markets include markets such as rice and oil markets, currency markets, stock markets, real estate markets?

a)

Markets based on the role of trading objects

b)

Markets based on the scope of trading relationships

c)

Markets based on characteristics and operation mechanisms

d)

Markets based on trading objects

23.

In terms of spatial scope, where is Vietnamese coffee sold?

a)

Foreign markets

b)

Domestic markets

c)

Domestic and foreign markets

d)

Some regional markets in the country

24.

What basic market function did company X fail to perform well when some men's shirts were returned due to sewing defects?

a)

Recognition function

b)

Information function

c)

Regulation and stimulation function

d)

Restricting production function

25.

Who applied the market function incorrectly in this situation?

a)

Anh M.

b)

Anh K.

c)

Anh M, H, and S.

d)

Anh M, K, H, and S.

26.

In which relationships are economic entities completely free to buy, sell, and exchange goods and services?

a)

Competition, supply-demand, prices.

b)

Competition.

c)

Supply-demand, prices.

d)

Production-consumption.

27.

What is the system of economic relationships that follows the requirements of economic laws such as the laws of competition, supply-demand, prices, profit, governing the activities of economic entities called?

a)

Market mechanism.

b)

Market.

c)

Market prices.

d)

Commodity prices.

28.

What is the amount of money paid for a commodity to compensate for the production and circulation costs of that commodity called?

a)

Commodity prices.

b)

Competitive prices.

c)

Profit.

d)

Market prices.

29.

One of the disadvantages of the market mechanism is

a)

Inherent risks, crises, recessions.

b)

Always stable, price stabilization.

c)

Reallocate economic resources.

d)

Stimulate the dynamism of economic entities.

30.

What is the price of goods?

4 lines
31.

What is the price of goods?

a)

A. The amount of money to be paid for a commodity to compensate for the production and circulation costs of that commodity.

b)

B. The actual selling price of a commodity in the market or the price of goods determined by the seller.

c)

C. The amount of money to be paid for a commodity to compensate for the production and circulation costs of that commodity and the actual selling price of a commodity in the market or the price of goods agreed upon between the buyer and the seller.

d)

D. The actual selling price of a commodity in the market or the price of goods agreed upon between the buyer and the seller.

32.

Which is not an advantage of the market mechanism?

a)

A. Unhealthy competition causing damage to producers and consumers.

b)

B. Stimulating the creativity of economic entities, developing production forces, and economic growth.

c)

C. Reallocating economic resources, better meeting the needs and interests of economic entities.

d)

D. Better satisfying human needs, thereby promoting social progress and civilization.

33.

Which is not a disadvantage of the market mechanism?

a)

A. Better satisfying human needs.

b)

B. Inability to self-correct the phenomenon of social differentiation.

c)

C. Generating unhealthy competition.

d)

D. Potential risks, crises, and recessions.

34.

Which is not a function of market prices?

a)

A. Recognizing the social utility of goods and labor that have been wasted to produce it.

b)

B. Providing information for economic entities to make decisions to increase or decrease consumption.

c)

C. Allocating resources, contributing to regulating the scale of production, balancing supply and demand.

d)

D. A tool for the State to manage, stimulate, and regulate the economy.

35.

What principle ensures the market mechanism in Vietnam's paper production companies?

a)

Competition

b)

Supply and demand

c)

Prices

d)

Profit

36.

What function of the market price did the people of village S apply when switching from rice cultivation to watermelon cultivation?

a)

Providing information

b)

Economic management tool

c)

Economic regulation tool

d)

Resource allocation

37.

What is the term for the entire state revenues and expenditures that are budgeted and implemented over a certain period to ensure the functions and tasks of the state?

a)

State budget

b)

Budgeted expenses

c)

Taxes

d)

Incurred expenses

38.

Which authority decides on the state budget to ensure the implementation of the state's functions and tasks?

a)

National Assembly

b)

Local government

c)

Government

d)

President

39.

What is the main purpose of state budget revenue and expenditure?

a)

To satisfy the state's spending needs

b)

To satisfy organizational spending needs

c)

To satisfy business spending needs

d)

To satisfy individual spending needs

40.

What is a fundamental characteristic of state budget revenues and expenditures?

a)

Not refunded directly

b)

Refunded directly

c)

Refunded directly to taxpayers

d)

Refunded by each target

41.

Which of the following is not a characteristic of the state budget?

4 lines
42.

Which of the following is not a characteristic of the state budget?

a)

The state will refund to the people the amounts they have paid to the state budget.

b)

The establishment and use of the state budget must comply with the State Budget Law.

c)

The state is the sole entity with the right to own and decide on the revenues and expenditures of the budget.

d)

The state budget aims to resolve common interest relationships in society.

43.

Which statement below is incorrect about the role of the state budget?

a)

The state budget is to ensure the spending needs of all citizens in society.

b)

The state budget provides financial resources to maintain the operation of the state machinery.

c)

The state budget is a tool to regulate the market, stabilize prices, and control inflation.

d)

The state budget regulates income through taxes and social welfare funds.

44.

Which of the following funds does not belong to the state budget?

a)

Fuel price stabilization fund.

b)

Environmental protection fund.

c)

Financial reserve fund.

d)

Social security fund.

45.

Which revenue source accounts for the largest proportion of the total state budget revenue?

a)

Domestic revenue.

b)

Revenue from exports and imports.

c)

Aid revenue.

d)

Revenue from crude oil.

46.

During the Covid-19 outbreak, in some areas implementing social distancing measures, there was an increase in the prices of some goods, and people faced many difficulties. Which fund from the state budget did the government use to support money, food, and essential goods for people, especially those who lost their jobs?

a)

National reserve fund.

b)

Poor people's fund.

c)

Social security fund.

d)

Financial reserve fund.

47.

Who violated the state budget law by voluntarily refusing government support?

4 lines
48.

What is the nature of taxes as a contribution to the state budget?

4 lines
49.

What type of tax do high-income individuals in businesses have to deduct from their income to pay to the state budget?

4 lines
50.

What is the tax aimed at regulating social production and consumption as well as the import of goods called?

4 lines
51.

What is the type of tax that directly regulates the income or assets of the taxpayer?

4 lines
52.

What is excise tax?

4 lines
53.

Which of the following is not a role of taxes?

4 lines
54.

What is the role of taxes?

a)

A. Taxes are a tool to control inflation and stabilize prices.

b)

B. Taxes are the main source of government revenue.

c)

C. Taxes are an important tool for the government to regulate the market.

d)

D. Taxes contribute to income regulation and social justice.

55.

Which of the following taxes is not a direct tax?

a)

A. Export and import taxes.

b)

B. Agricultural land use tax.

c)

C. Corporate income tax.

d)

D. Non-agricultural land use tax.

56.

What type of tax must Company N pay for causing environmental pollution with smoke and dust from car engines?

a)

A. Environmental protection tax.

b)

B. Value-added tax.

c)

C. Import tax.

d)

D. Special consumption tax.

57.

What is the tax that Mr. X must pay when selling a house and transferring 2% of the property value according to the law?

a)

A. Personal income tax.

b)

B. Value-added tax.

c)

C. Special consumption tax.

d)

D. Non-agricultural land use tax.

58.

What type of tax must Company X pay when importing restricted-use herbicides?

a)

A. Environmental protection tax.

b)

B. Special consumption tax.

c)

C. Value-added tax.

d)

D. Corporate income tax.

59.

Company Z has divided the payment of income into smaller amounts to help employees reduce personal income tax. Which violation has Company Z committed?

a)

A. Tax evasion, tax fraud.

b)

B. Late tax payment.

c)

C. Incorrect tax payment timing.

d)

D. Incomplete tax declaration.

60.

What is the economic relationship between the owner and the user of idle capital based on the principle of repayment with a term for both capital and interest?

4 lines
61.

What is the role of credit in increasing investment capital by transferring temporary idle capital from individuals, households, businesses, and the government to those in need of capital?

4 lines
62.

What does depositing idle money in a bank bring to the depositor?

4 lines
63.

Credit is a transaction involving assets between the lender and the borrower, where the lender transfers assets to the borrower for use within a certain period according to the agreement. The borrower is responsible for repaying both the principal and interest when?

4 lines
64.

What is a characteristic of credit where the lender grants the right to use capital to the borrower for a certain period without?

4 lines
65.

When participating in credit activities, borrowers need to use borrowed capital for the right purpose, effectively, and fulfill which obligation below?

4 lines
66.

One of the characteristics of credit activities is reflected in which of the following contents?

4 lines
67.

One of the characteristics of credit activities is shown through which of the following contents?

a)

Promoting production and circulation of goods

b)

Maintaining currency balance

c)

Creating idle money for society

d)

Building transparent financial foundation

68.

One of the conditions for obtaining credit is that the borrower

a)

Is able to repay debts on time

b)

Can generate initial income

c)

Can change the repayment time

d)

Can mortgage assets

69.

The credit relationship between the lender and the borrower is secured by which of the following conditions?

a)

Mortgaged assets or pledged assets

b)

Capital source of the lender

c)

Annual fixed interest rate

d)

State monetary policy

70.

Given that she has saved 300 million VND from livestock production, Mrs. B intends to deposit it in the bank to receive interest at 6.8% per year. Knowing this, Mrs. K, who owns a gambling ring, persuades Mrs. B to participate in gambling to earn higher profits than the bank's interest rate. Coincidentally, Mrs. C also needs money and intends to borrow 300 million VND from the bank at an interest rate of 10% per year. However, Mrs. B's husband wants to keep this amount and borrow more money to buy a car. According to you, what should Mrs. B choose to ensure safety while still maximizing the effectiveness of the money?

a)

Deposit money in the bank to earn interest

b)

Lend to Mrs. C at the bank's interest rate

c)

Listen to Mrs. K's persuasion

d)

Follow the husband's wishes

71.

Due to the arising construction costs, Mr. K needs 70 million VND to complete the house. If not, he will have to pay according to the contractor's arising price of 18%. Mrs. T, Mr. K's wife, decides to borrow credit from the bank but is hesitant to do the paperwork, so she asks Mr. Y, a village official, to handle the paperwork and has to reward him 3% of the approved amount. Coincidentally, Mrs. H found out about this

4 lines
72.

What is the most effective way for Mr. K and his wife to borrow the money?

a)

Directly go to the bank to complete the procedures.

b)

Ask Mr. Y to handle the procedures and pay the training fee.

c)

Borrow money according to Ms. H's advice.

d)

Accept the contractor's payment request.

73.

After deducting expenses, Mrs. X's family made a profit of 300 million VND from the shrimp harvest. Who misunderstands the role of credit?

a)

Mr. K and Mrs. X.

b)

Mr. K, Mrs. X, and Ms. M.

c)

Mrs. X.

d)

Mr. K.

74.

What is the definition of bank credit?

a)

Repaying principal and interest when due.

b)

Building a stable foundation.

c)

Having a stable job and income.

d)

Creating jobs for workers.

75.

What is the service of bank credit?

a)

For a certain period of time.

b)

Unconditionally.

c)
76.

What is the definition of banking credit services?

a)

For a certain period of time.

b)

Unconditionally.

c)

As per investor's instructions.

d)

According to customer segments.

77.

What is the responsibility of a borrower when taking out unsecured loans?

a)

Repay capital and interest on time.

b)

Contract liquidity.

c)

Fixed debts.

d)

Principal before maturity.

78.

What are the characteristics of unsecured loans?

a)

Relatively high interest rates.

b)

Relatively low interest rates.

c)

Must be paid in one installment.

d)

No regular interest payments.

79.

What determines the amount of credit provided by a bank for credit card transactions?

a)

Cardholder's financial capability.

b)

Bank's financial capability.

c)

Cardholder's shopping needs.

d)

Transaction time and location.

80.

When is a customer accepted for unsecured loans?

a)

When the customer has enough credibility with the bank.

b)

When the customer no longer has collateral.

c)

When the bank has abundant capital.

d)

When the customer repays the principal and interest before the due date.

81.

When is a customer accepted for secured loans?

a)

The borrower must have collateral.

b)

Bank guarantees with fixed assets.

c)

There is collateral at another bank.

d)

Commitment to repay debts with business profits.

82.

What is required for customers using installment payment credit services?

4 lines
83.

What responsibility does a customer using credit services in the form of installment loans have towards the bank?

4 lines
84.

What should Mr. M do to get the best economic benefit when buying a car?

4 lines
85.

What should Ms. T do to both buy a car and earn interest from the bank?

4 lines
86.

Which bank has the highest interest rate for deposits among Bank A, Bank B, and Bank C?

4 lines
87.

What has helped bank A to attract customers despite having low deposit interest rates?

a)

Due to reputation and convenience

b)

Depositors are unaware of the information

c)

Depositors are dependent

d)

Adjusting interest rates according to customer requests

88.

The system of general rules issued by the state and enforced by state authority is known as

a)

Law

b)

Agreement

c)

Constitution

d)

Decision

89.

In our country, which legal document currently has the highest legal effect?

a)

Constitution

b)

Directive

c)

Decree

d)

Resolution

90.

According to regulations, which organization in our country currently issues laws?

a)

Court

b)

National Assembly

c)

State

d)

Audit Office

91.

The fact that state regulations are applied repeatedly, in many places, to everyone, is an expression of which characteristic of law?

a)

Power, general obligation

b)

Common legal norm

c)

Strictness in form

d)

Discipline and seriousness

92.

The fact that Mr. A is administratively fined for not paying taxes while doing business is an expression of which characteristic of law?

a)

Common power, general obligation

b)

Strictness in form

c)

Specific content determination

d)

Power, general obligation

93.

Based on which basic characteristic of law can we differentiate between law and ethical norms?

a)

Power, general obligation

b)

Common legal norm

c)

Strictness in content determination

d)

Strictness in form

94.

Công trình xây dựng K không tuân thủ các quy định về an toàn lao động nên đã xảy ra sự cố sập giàn giáo làm ba công nhân tử vong. Cơ quan Cảnh sát điều tra quận X, nơi xảy ra vụ tai nạn trên đã khởi tố hình sự đối với chủ đầu tư công trình K. Việc làm của Cảnh sát quận X đã thể hiện đặc điểm nào dưới đây của pháp luật?

a)

A. Tính quyền lực, bắt buộc chung.

b)

B. Tính nghiêm khắc của pháp luật.

c)

C. Tính đặc thù nội dung.

d)

D. Tính giáo dục phổ biến pháp luật.

95.

Trong một thời gian dài, do tình hình dịch bệnh Covid 19 đang diễn biến hết sức phức tạp, Chính phủ đã có công văn chỉ đạo các tỉnh trên cả nước xử lí nghiêm các hoạt động đưa đón người vượt biên trái phép vào Việt Nam. Việc làm này đã thể hiện đặc điểm nào dưới đây của pháp luật?

a)

A. Tính quy phạm phổ biến.

b)

B. Tính giáo dục trực tiếp của pháp luật.

c)

C. Tính đe dọa và bắt buộc chung.

d)

D. Tính nghiêm minh của Chính phủ.

96.

Tuân thủ pháp luật là việc các cá nhân, tổ chức kiềm chế không thực hiện các hành vi

a)

A. xã hội kì vọng.

b)

B. pháp luật cấm.

c)

C. tập thể hạn chế.

d)

D. đạo đức chi phối.

97.

Cá nhân, tổ chức chủ động thực hiện đầy đủ những nghĩa vụ mà pháp luật quy định phải làm là

a)

A. tuân thủ nội quy.

b)

B. thi hành pháp luật.

c)

C. vận dụng chính sách.

d)

D. chấp hành đường lối.

98.

Quá trình hoạt động có mục đích, làm cho những quy định của pháp luật đi vào cuộc sống, trở thành những hành vi hợp pháp của các cá nhân, tổ chức là

a)

A. áp dụng pháp luật.

b)

B. thực hiện pháp luật.

c)

C. thi hành pháp luật.

d)

D. tuân thủ pháp luật.

99.

Hình thức thực hiện pháp luật, trong đó các cá nhân, tổ chức thực hiện các quyền tự do của mình theo quy định

a)

A. tuân thủ nội quy.

b)

B. thi hành pháp luật.

c)

C. vận dụng chính sách.

d)

D. chấp hành đường lối.

100.

What is the form of legal enforcement where individuals and organizations exercise their freedoms according to the law?

a)

Obeying the law

b)

Enforcing the law

c)

Using the law

d)

Applying the law

101.

What do the state agencies, officials, and public servants base their decisions on according to the law to make decisions regarding the specific rights and obligations of individuals and organizations?

a)

Applying the law

b)

Enforcing the law

c)

Using the law

d)

Obeying the law

102.

In the Vietnamese political system, what is the organization that plays the role of holding power, leading the state and society?

a)

Communist Party of Vietnam

b)

National Assembly and People's Council

c)

Vietnam Fatherland Front

103.

Vietnam plays a role in governing and leading the state and society as

a)

Communist Party of Vietnam

b)

National Assembly and People's Council

c)

Vietnam Fatherland Front

d)

political and social organizations

104.

One of the principles that reflects the organization and operation of Vietnam's political system is

a)

democratic centralism

b)

people as the root

c)

national unity

d)

expanding foreign relations

105.

The most important issues of the country are decided collectively under the collective leadership system, individuals in charge, minorities obeying the majority, lower levels obeying higher levels. This content belongs to which principle below?

a)

principle of democratic centralism

b)

principle of socialist rule of law

c)

state power belongs to the people

d)

principle of ensuring Party leadership

106.

The construction of the North-South highway has significant political implications, as this route is like the 'unifying North-South road' in the new era, connecting regions, promoting socio-economic development. This is considered an important issue of the country that has been approved by the National Assembly. In this case, what principle did the National Assembly follow to approve the North-South highway project?

a)

principle of democratic centralism

b)

Chairman of the National Assembly decides

c)

based on the Party's resolution

d)

referendum of the people