MCQ Geography Chapter 8 Introduction to Economics Class 9 Maharashtra Board 1. What does globalization mean according to the document? Restricting trade Aligning the country’s economy with the world economy Limiting resource flow Increasing government controlQuestion 1 of 202. What is a key feature of globalization mentioned in the document? Restricted investments Free trade Closed borders Limited labor flowQuestion 2 of 203. What is one of the main functions of an economy listed on Page 3? Maximizing taxes Deciding the product and quantity of its production Reducing population Limiting consumptionQuestion 3 of 204. What does an economy strive to balance according to the document? Population and resources Limited resources and unlimited needs Trade and taxes Labor and technologyQuestion 4 of 205. To which economic factor is the management of family finances related? Production Income and expenditure Globalization TaxationQuestion 5 of 206. What is the cost of the electricity bill in the expenditure table? ₹ 1,000 ₹ 1,500 ₹ 2,000 ₹ 2,600Question 6 of 207. Which item in the table costs ₹ 500? Daily food School stationery Mobile bill TourismQuestion 7 of 208. What is the combined cost of vegetables, fruits, and recreation? ₹ 1,500 ₹ 2,000 ₹ 1,000 ₹ 2,500Question 8 of 209. What does economics help us understand according to Page 1? How to increase population How to use time, money, labor, and land effectively How to limit needs How to avoid tradeQuestion 9 of 2010. Which of the following is NOT a type of economy listed? Capitalistic Socialistic Mixed AgriculturalQuestion 10 of 2011. What is a key feature of a mixed economy? Profit only Balance between profit and social welfare Government-only control No private sectorQuestion 11 of 2012. Which field does economics NOT apply to according to the document? Agriculture Trade Astronomy FinanceQuestion 12 of 2013. What is the purpose of minimizing production costs in an economy? To increase taxes To make goods affordable As a main function of an economy To limit productionQuestion 13 of 2014. What should a finance minister prioritize in an agrarian country according to the activity? Urban development Overall development of the country Military spending TourismQuestion 14 of 2015. Why does the document say economy begins at home? Due to globalization Because of family management similarities To emphasize trade For taxation purposesQuestion 15 of 2016. Why is India’s economy considered mixed? It has only private sectors It balances profit and social welfare with private and public sectors It focuses solely on profit It avoids globalizationQuestion 16 of 2017. How can countries be divided based on economies? By population Into three groups: Capitalistic, Socialistic, Mixed By climate By sizeQuestion 17 of 2018. What is the cost of public transport in the expenditure table? ₹ 1,500 ₹ 2,600 ₹ 3,000 ₹ 4,000Question 18 of 2019. What resource flow is emphasized in globalization? Only capital Natural resources, profit, services, capital, labor, and technology Only labor Only technologyQuestion 19 of 2020. What is one activity suggested in the exercise? Study global trade Make an account sheet for family income and expenditure Visit an economist Analyze tax policiesQuestion 20 of 20 Loading...
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