Class 9 Social Science MCQ Chapter 12 Basic Concept of Economics, Class 9 Social Science MCQ Question Answer, Class 9 Social Science Multiple Choice Question Answer to each chapter is provided in the list of SCERT Social Science Class 9 Objective Types Question Answer so that you can easily browse through different chapters and select needs one. Class 9 Social Science MCQ Chapter 12 Basic Concept of Economics can be of great value to excel in the examination.
SCERT Class 9 Social Science MCQ Chapter 12 Basic Concept of Economics
SCERT Class 9 Social Science MCQ Chapter 12 Basic Concept of Economics Notes covers all the exercise questions in SCERT Science Textbooks. The NCERT Class 9 Social Science MCQ Chapter 12 Basic Concept of Economics provided here ensures a smooth and easy understanding of all the concepts. Understand the concepts behind every chapter and score well in the board exams.
Basic Concept of Economics
Chapter – 12
ECONOMICS
Multiple Choice Questions & Answers
1. The word ‘economics’ is derived from_____
(a) Latin.
(b) English.
(c) Greek.
(d) Sanskrit.
Ans: (c) Greek.
2. Who is the father of economics?
(a) Robinson.
(b) Adam Smith.
(c) Robbins.
(d) Carlyle.
Ans: (b) Adam Smith.
3. Who has given the wealth-based definition of economics?
(a) Carlyle.
(b) Ruskin.
(c) Adam Smith.
(d) Robbins.
Ans: (c) Adam Smith.
4. Who has given the welfare based definition of economics?
(a) Robbins.
(b) Adam Smith.
(c) Alfred Marshall.
(d) Ruskin.
Ans: (c) Alfred Marshall.
5. Who has given the scarcity based definition of economics?
(a) Adam Smith.
(b) Alfred Marshall.
(c) Lionel Robbins.
(d) Carlyle.
Ans: (c) Lionel Robbins.
6. What according to Carlyle and Ruskin was ‘Gospel of Mammon’?
(a) The definition of Adam Smith.
(b) The definition of Robbins.
(c) The definition of Marshall.
(d) economics itself.
Ans: (a) The definition of Adam Smith.
7. What is the power of a commodity to satisfy human wants called?
(a) usefulness.
(b) utility.
(c) demand.
(d) need.
Ans: (b) Utility.
8. What is the produced means of production called?
(a) labour.
(b) land.
(c) profit.
(d) capital.
Ans: (d) capital.
9. Who was the ‘Cambridge economist’?
(a) Ruskin.
(b) Carlyle.
(c) Alfred Marshall.
(d) Robbins.
Ans: (c) Alfred Marshall.
10. Who wrote ‘Principles of Economics’?
(a) Adam Smith.
(b) Robbins.
(c) Ruskin.
(d) Marshall.
Ans: (d) Marshall.
11. The creation of useful commodities or services is_____
(a) Production.
(c) Profit.
(b) Creation.
(d) Supply.
Ans: (a) Production.
12. Which one is a factor of production?
(a) Demand.
(b) Supply.
(c) land.
(d) utility.
Ans: (c) land.
13. Which one is a factor of production
(a) utility.
(b) demand.
(c) supply.
(d) capital.
Ans: (d) capital.
14. Which one is not a factor of production?
(a) land.
(b) labour.
(c) demand.
(d) capital.
Ans: (c) demand.
15. In which district of Assam does the ‘Jonbeel Mela’ take place?
(a) Nagaon.
(b) Morigaon.
(c) Darrang.
(d) Goalpara.
Ans: (b) Morigaon.
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