MCQ’s Chapter-2 (Economics)

1. In order to get more income

people need:-
a. Regular work
b. Better wages
c. Decent price for their
crops
d. All of these
2. Things like equal treatment,
freedom, security and respect of
others are:-
a. Material things
b. Non material things
c. Income
d. Growth
3. National Developmentrefers
to:-
a. Equality
b. Democratic
c. Employment
d.
Development of all sections
4. Per capita income refers to :-
a. Whole income
b. Average income
c. National Income
d. None of these
5. Literacy measures the
proportion of literate population in
the -----------age group.
a. 5 and above
b. 6 and above
c.
7 and above
d. 8 and above
6. BMI Stands for:-
a.
Body Mass Index
b. Bureau Mass Index
c. Below Measure Index
d. None of these
7. In HDI the letter D stands for:-
a.
Development
b. Decision
c. Develop
d. Delimitation
8. Sustainable development takes
care of the present and ----------.
a. Society
b. Past
c. Future
d. Community
9. National Income refers to:-
a.
Sum of all the factor
incomes
b. Wages
c. Rent
d. Interest
10. Economic Growth plus
Change means:-
a. Economic Development
b. Sustainable Development
c. National Income
d. . None of these
1. In order to get more income
people need:-
a. Regular work
b. Better wages
c. Decent price for their
crops
d. All of these
2. Things like equal treatment,
freedom, security and respect of
others are:-
a. Material things
b. Non material things
c. Income
d. Growth
3. National Developmentrefers
to:-
a. Equality
b. Democratic
c. Employment
d.
Development of all sections
4. Per capita income refers to :-
a. Whole income
b. Average income
c. National Income
d. None of these
5. Literacy measures the
proportion of literate population in
the -----------age group.
a. 5 and above
b. 6 and above
c.
7 and above
d. 8 and above
6. BMI Stands for:-
a.
Body Mass Index
b. Bureau Mass Index
c. Below Measure Index
d. None of these
7. In HDI the letter D stands for:-
a.
Development
b. Decision
c. Develop
d. Delimitation
8. Sustainable development takes
care of the present and ----------.
a. Society
b. Past
c. Future
d. Community
9. National Income refers to:-
a.
Sum of all the factor
incomes
b. Wages
c. Rent
d. Interest
10. Economic Growth plus
Change means:-
a. Economic Development
b. Sustainable Development
c. National Income
d. . None of these
1. In order to get more income
people need:-
a. Regular work
b. Better wages
c. Decent price for their
crops
d. All of these
2. Things like equal treatment,
freedom, security and respect of
others are:-
a. Material things
b. Non material things
c. Income
d. Growth
3. National Developmentrefers
to:-
a. Equality
b. Democratic
c. Employment
d.
Development of all sections
4. Per capita income refers to :-
a. Whole income
b. Average income
c. National Income
d. None of these
5. Literacy measures the
proportion of literate population in
the -----------age group.
a. 5 and above
b. 6 and above
c.
7 and above
d. 8 and above
6. BMI Stands for:-
a.
Body Mass Index
b. Bureau Mass Index
c. Below Measure Index
d. None of these
7. In HDI the letter D stands for:-
a.
Development
b. Decision
c. Develop
d. Delimitation
8. Sustainable development takes
care of the present and ----------.
 a. Society
b. Past
c. Future
d. Community
9. National Income refers to:-
a.
Sum of all the factor
incomes
b. Wages
c. Rent
d. Interest
10. Economic Growth plus
Change means:-
a. Economic Development
b. Sustainable Development
c. National Income
d. . None of these
1. The sectors are classified into public and private sector on the basis of: [CBSE (CCE) 2011]
(a) Employment conditions
(b) The nature of economic activities
(c) Number of workers employed
(d) Ownership of enterprises

2. The value of all final goods and services produced within a country during a particular year is called
as: [CBSE (CCE) 2011]
(a) Gross Domestic Product
(b) Net Domestic Product
(c) National Product
(d) Production of Tertiary Sector

3. The service sector includes activities such as [CBSE(CCE)2011]

(a) agriculture, dairy, fishing and forestry
(b) making sugar, gur and bricks
(c) transport, communication and banking
(d) None of these

4. Choose the correct meaning of organised sector [CBSE (CCE) 2011]

(a) It covers those enterprises where the terms of employment are regular.
(b) It is outside the control of the government.
(c) Jobs are not regular.
(d) It provides low salaries.

5. Production of a commodity, mostly through the natural process, is an activity in sector.

(a) primary
(b) secondary
(c) tertiary
(d) information technology

6. GDP is the total value of ………….. produced during a particular year.

(a) all goods and services
(b) all final goods and services
(c) all intermediate goods and services
(d) all intermediate and final goods and services

7. In terms of GDP the share of tertiary sector in 2003 is:

(a) between 20 per cent to 30 per cent
(b) between 30 per cent to 40 per cent
(c) between 50 per cent to 60 per cent
(d) 70 per cent

8. Underemployment occurs when people

(a) do not want to work
(b) are working in a lazy manner
(c) are working less than what they are capable of doing
(d) are not paid for their work

9. 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
10. Natural products are changed into other forms through ways of manufacturing
(a) Primary sector
(b) Secondary sector
(c) Tertiary sector
(d) Unorganised sector

11. Which of the following is included in tertiary sector?

(a) ATM booths
(b) Call centres
(c) Internet cafe
(d) All of them

12. Only ………… are included to know the total production in each sector.
(a) Final goods and services
(b) Intermediate goods
(c) Only goods
(d) Only services

13. At the initial stages of development, ………………. was the most important sector of economic activity
(a) Primary sector
(b) Secondary sector
(c) Tertiary sector
(d) Organised sector

14. In the past 100 years, there has been a further shift from secondary to ……………. in developed
countries.
(a) Primary sector
(b) Organised sector
(c) Tertiary sector
(d) Unorganised sector

15. Mention the largest producing sector in 2003 in India ?

(a) Primary
(b) Secondary
(c) Tertiary
(d) Unorganised sector

16. Name the sector which continues to be the largest employer even in the year 2000.
(a) Secondary
(b) Primary
(c) Tertiary
(d) Banking section

17. A situation in which more persons are employed on a job than are optimally required.
(a) Structural unemployment
(b) Disguised unemployment
(c) Cyclical unemployment
(d) Seasonal unemployment

18. A study conducted by the planning commission estimates that the following number of jobs can be
created in the education sector alone.
(a) 20 lakhs
(b) 15 lakhs
(c) 18 lakhs
(d) 25 lakhs
19. Out of 200 million children in the school going age group, how many are attending schools?
(a) One – fourth
(b) Half
(c) Two – thirds
(d) One – fifth

20. According to planning commission, if tourism as a sector is improved, every year we can give additional
employment to people more than
(a) 25 lakhs
(b) 30 lakhs
(c) 32 lakhs
(d) 35 lakhs

21. 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) 300 districts

22. Under NREGA 2005, how many days of work, in a year are guaranteed by the government?
(a) 100 days
(b) 120 days
(c) 90 days
(d) 99 days

23. Enterprises or places of work where the terms of employment are regular and people have assured work
comes under
(a) Primary sector
(b) Organised sector
(c) Unorganised sector
(d) Tertiary sector

24. Percentage of people in the unorganised sector in tertiary sector is …………………..

(a) 67 %
(b) 76 %
(c) 51 %
(d) 75 %

26. Which of them does not generally find itself in the unorganised sector ?
(a) Scheduled castes
(b) Scheduled tribes
(c) Rich families
(d) Backward communities

27. Government owns most of the assets and provides all the.services
(a) Private Sector
(b) Public Sector
(c) Organised Sector
(d) Tertiary Sector

28. There are large number of activities like providing health and education which are the primary
responsibility of
(a) Primary sector
(b) Private companies
(c) Government
(d) Secondary sector
ANSWERS