Major economic problems - class-IX
Description: major economic problems | |
Number of Questions: 83 | |
Created by: Varsha Mane | |
Tags: economic planning economic development & planning planning and environment poverty economic planning in india introduction to microeconomics rural economics basic problems of an economy types of economies introduction to economics government and the economy economic concepts and planning economics economic reconstruction economics of development and planning development experience (1947-90) |
________are the measures to solve an economic problem.
Which of the following is the best general definition of the study of Economics?
Economic activities are those activities that are done with a view to earn a reward.
Scarcity means producing less goods and services in a given time period.
The price given for labour is usually called salaries and wages.
There still are many traditional economies in the world even today.
All our wants can be satisfied because resources get discovered every day.
The most important economic problem is that the resources used to satisfy our wants are limited in supply.
Scarcity of resources leads to _______.
Scarcity of resources effects ________________.
Which of the following is a central problem of every economy?
The three fundamental questions of economics are ______.
The problem of economics arises from which of the following reasons?
Which of the following refers directly to the concept of scarcity?
When we say scarcity we refer to ________.
The basic economic questions that every society must address include which of the following?
The central problem of how to produce is resolved by _________.
The questions like what? how? and for whom? arise due to the existence of ______.
The central problem of an economy of 'what to produce' is an alternative problem of ________________.
______ is not a central problem of a society.
The three basic economic questions do not include ______.
Which of the following is not a central problem of a society?
Corruption is not good for an economy because:
Every economy is characterized by _____________.
__________ refers to favours done by men in position for others in exchange for some monetary and other benefits.
The problem of what goods and services are produced and how much, is covered by the general term ________.
'Commodity Service method' is another name for:
Which of the following problem in an economy is a result of corruption in the country?
Choose the correct answer.
The scarce resources of an economy have.
Which of the following is an argument for the relevance of dividends?
The Reserve Bank of India was established in the year _________.
The economy of Britain crumbled after the First World War. Identify the factor which did not contribute to the above.
Assume there are four families in a country. The average per capita income of these families is Rs. 5000. If the income of three families is Rs. 4000, Rs. 7000 and Rs. 3000 respectively, what is the income of the fourth family?
Evading taxation is a corruption.
Which of the following is not considered production in Economics?
A person who is not gainfully employed is called an unemployed person.
The corruption creates ____________.
Poverty leaves a positive effect on the life and health of man.
Economic resources are ____________.
India has been witnessing high rate of inflation because __________.
The central problems of an economy is ___________.
Parallel economy refers to ___________________.
What is environmental crisis?
In addition to three central problems of an economy, the additional problem(s) raised by the modern economists is/are _______.
Due to scarcity of resources one must _______.
_______ is the root of all economic problems.
By scarcity of productive resources we mean ______.
During deflation_____.
Who defined mixed economy as "Mixed economy is that economy in which both public and private institutions exercise economic control".
Trees help in reducing the pollution of our environment. Lakhs of trees are planted by people in the month of July every year. The occasion is called ______________.
Which of the following is not a central problem of a society?
One country enjoys a comparative advantage over the other in producing oil when _______________.
Central problem for every economy includes ________.
How many indifference curves can touch the price line?
Which of the following is not one of the central questions that the study of economics is supposed to answer?
Which of the following is a cause of economic problem?
In the decision of "how to produce", what must the economy decide on?
The central problem in economics is that of:
Which of these is not a major economic problem in India?
The signs of crisis which created the need for Economic Reforms in 1991 were ________________.
Scarcity can be avoided by limiting ______________.
In Economics, the 'central economic problem' means __________.
The cost of one thing in terms of the alternative given up is known as ______.
Opportunity costs are a result of __________.
Multiple choice question:
Which of the following is the cause of economic insecurity?
The most serious economic problem in India is ___________.
Multiple Choice Question:
Multiple choice question:
Multiple Choice Question:
Economic problem arises when ____________.
The problem of resource allocation would not arise if resources had no alternatives uses.
If there were no choices in resource allocation, microeconomics would not have existed.
Lack of scarcity implies lack of economic problem.