MCQ Geography Chapter 8 Introduction to Economics Class 9 Maharashtra Board 1. What is the total estimated monthly expenditure listed in the table? ₹ 20,000 ₹ 22,550 ₹ 25,000 ₹ 18,000Question 1 of 202. If your monthly income is ₹ 20,000, how much is the shortfall compared to the expenditure of ₹ 22,550? ₹ 2,550 ₹ 1,550 ₹ 3,550 ₹ 2,000Question 2 of 203. Which item in the expenditure table has the highest cost? Daily food Tourism Bank installments Public transportQuestion 3 of 204. What is the cost of buying two sets of uniform according to the table? ₹ 500 ₹ 1,000 ₹ 2,000 ₹ 4,000Question 4 of 205. Which Greek word does 'economics' come from? Oikos Oikonomia Nomos EconoQuestion 5 of 206. What does 'oikonomia' mean in Greek? Wealth creation Family management Resource allocation Trade systemQuestion 6 of 207. According to Lionel Robbins, what does economics study? Production of goods Human behavior and scarce means Wealth distribution Global tradeQuestion 7 of 208. What is an economy defined as geographically in the document? A country’s wealth Enterprises related to production, distribution, and consumption Family finances Global trade networksQuestion 8 of 209. How many types of economies are mentioned on a global level? Two Three Four FiveQuestion 9 of 2010. In a capitalistic economy, who owns the means of production? The government Private individuals Society as a whole Public sectorsQuestion 10 of 2011. What is the main aim of a capitalistic economy? Social welfare Economic justice Maximum profit Resource conservationQuestion 11 of 2012. Which country is listed as having a capitalistic economy? China Japan India RussiaQuestion 12 of 2013. In a socialistic economy, who controls the means of production? Private individuals The government Mixed sectors Foreign investorsQuestion 13 of 2014. What is the main aim of a socialistic economy? Profit maximization Social welfare Economic growth Private ownershipQuestion 14 of 2015. Which country is mentioned as having a socialistic economy? USA Sweden China GermanyQuestion 15 of 2016. What characterizes a mixed economy? Only private ownership Only government control Co-existence of private and public sectors No profit motiveQuestion 16 of 2017. Which country is listed as having a mixed economy? Japan India Russia USAQuestion 17 of 2018. Who is known as the father of economics? Lionel Robbins Adam Smith Karl Marx John KeynesQuestion 18 of 2019. In which year was Adam Smith’s book 'Wealth of Nations' published? 1776 1884 1929 2000Question 19 of 2020. How did Adam Smith define economics? Study of human behavior Science of wealth Management of resources Global trade systemQuestion 20 of 20 Loading...
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