Economics Mcqs set 02

Economics Mcqs set 02

Fill in the blanks:

1. To fulfil his needs, man started to ........................... .
Ans: manufacture garments, footwear, radio, T.V.
 
2.When there is surplus of commodities there is a ........................ in price.
Ans: fall
 
3 ......................... of our country received the Nobel Prize for Economics.
Ans: Amarthya Sen
 
4.When there is deficit of commodities in the market there is a .................. in price
Ans: rise
 
5. Cultivation of food grains in the land is termed as ................. .
Ans: agriculture
 
6. ...................... is necessary to grow intellectually.
Ans: Education 
 
7. Income of an individual is called ................... income
Ans: Per capital
 
8. .................... is a place where products are bought and sold.
Ans: Market
 
9. Amarthya Sen received ...................... Price for Economics.
Ans: Nobel
 
10. If the father in a family earns 5,000 per month his individual income is ..........
Ans: 60,000
 
11. Fulfilling the needs is known as .....................
Ans: Consumption