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economic

Total questions: 20

Worksheet time: 13mins

Name
Class
Date
1.
Which of the following is NOT a positive aspect of capitalist economies?
a)
allows for economic growth
b)
opens opportunities for social mobility
c)
offers protections for individuals
d)
businesses rise and fall on their own merits
2.
This economic system has the LEAST government control...
a)
socialism
b)
mixed market
c)
communism
d)
capitalism
3.
This economic system has the MOST government control...
a)
capitalism
b)
mixed market
c)
communism
d)
socialism
4.
Adam Smith argued that wealthy nations... 
a)
regulate business so everyone is equally wealthy
b)
allow businesses to rise/fall on their own merits
c)
have everyone share the means of production
d)
give businesses financial support from the government
5.
The United States practices
a)
pure capitalism
b)
pure socialism
c)
pure communism
d)
mixed market
6.
Karl Marx's ideas inspired
a)
free market economies
b)
democracies
c)
technological innovation
d)
dictatorships
7.
Eugene Debs was a...
a)
capitalist
b)
socialist
c)
communist
8.
True or False: An economic system explains how a society makes and sells products.
a)
True
b)
False
9.
Which of the following would happen only in a communist economy?
a)
A.The government promotes competition 
b)
The government provides incentives for innovation
c)
The government emphasizes the production of consumer goods
d)
The government controls all business activities
10.
The government owns some major industries like railroads and uses democratic methods to distribute wealth more equitably. Which economic system is this?
a)
socialism
b)
capitalism
c)
traditional
d)
communist
11.

Workers in the____________ sector do not produce goods.

a)

Primary Sector

b)

Secondary Sector

c)

Tertiary Sector

12.

Out of 200 million children in the school going age group, how many are attending schools?

a)

One-fourth

b)

Two-thirds

c)

One-fifth

d)

Half

13.

Which of the following examples does not fall under unorganized sector?

a)

A farmer irrigating his field.

b)

A daily wage labourer working for a contractor.

c)

A doctor in a hospital treating a patient.

d)

A handloom weaver working on a loom in her house.

14.

NREGA (National Rural Employment Guarantee Act of 2005) has guaranteed ………. days of employment in a year in many districts of India. What are the correct number of days?

a)

200 days

b)

100 days

c)

30 days

d)

60 days

15.

Central government in India made a law, implementing the Right to Work in how many districts of India?

a)

150 districts

b)

200 districts

c)

250 districts

d)

625 districts

16.

When we produce a good by exploiting natural resources, it is an activity of the:

a)

Secondary sector

b)

Tertiary sector

c)

Primary sector

d)

Organised sector

17.

A situation in which more persons reemployed on a job than are optimally required is

a)

Structural unemployment

b)

Disguised unemployment

c)

Cyclical unemployment

d)

Seasonal unemployment

18.

Tertiary Sector is also known as----------------

a)

Service sector

b)

trade

c)

hotel and restaurant

d)

none of these

19.

For calculating Body Mass Index (BMI), weight of the person is divided by the:

a)

Square of the weight

b)

Square of the height

c)

Square root of the height

d)

Square root of the height

20.

Which age group of children is included for calculating Net Attendance Ratio?

a)

6-10

b)

7-11

c)

5-9

d)

14-15