Economics Chapter 2 Class 10 MCQ. We covered all the Economics Chapter 2 Class 10 MCQ in this post for free so that you can practice well for the exam.
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MCQ on Economics for Students
Factor relate to the exchange :
1. Production
2. Markets
3. Consumption
4. Distribution
Option 2 – Markets
Human wants are :
1. Limited
2. Unlimited
3. Easily fulfilled
4. Absent
Option 2 – Unlimited
Private goods :
1. Library
2. Radio
3. Rail
4. Park
Option 3 – Rail
Which is not Luxury good :
1. Air Journey
2. Air condition
3. Clothes
4. Cinema
Option 3 – Clothes
Goods which satisfy human wants directly :
1. Consumer goods
2. Capital goods
3. Intermediary goods
4. None of the above
Option 1 – Consumer goods
Bicycle to the post man is :
1. Luxury
2. Need
3. Comfort
4. None
Option 2 – Need
Factors that contribute to the production of goods
1. Factors of production
2. Industrialists
3. Government
4. Markets
Option 1 – Factors of production
National Income :
1. Nation’s annual income
2. Nation’s monthly income
3. Incomes of the states
4. Persons annual income
Option 1 – Nation’s annual income
Products of the small scale industries
1. Rails
2. Dams
3. Bags
4. Cinema halls
Option 3 – Bags
Services of the doctors received by :
1. Students
2. Patients
3. Govt. officials
4. Senior citizens
Option 2 – Patients
Production made by the formers
1. Oil seeds
2. Iron ore
3. Cement
4. Projects
Option 1 – Oil seeds
For Controlling population growth it is essential to introduce
1. Land reforms
2. Urban projects
3. Family planning
4. Per capita income
Option 3 – Family planning
It is used to measure poverty
1. Poverty line
2. Markets
4. Per capita income
Option 1 – Poverty line
In order to rise per capita income, along with rise in National income, population must be :
1. Rising
2. Falling
3. Unchanged
4. Lower
Option 2 – Falling
During 2002-2003 NNP income was? (Rupees)
1. 20,03,282
2. 15,90,212
3. 17.04,719
4. 25,31,223
Option 1 – 20,03,282
An important factor in promoting skills and efficiency
1. Environment
2. Housing fertility
3. Health
4. Education
Option 4 – Education
Before the arrival the British, Indian villages were
1. self sufficient
2. dependent on foreign aid
3. not self sufficient
4. backward in all fields
Option 1 – self sufficient
The concept of Economic Drain was introduced by
1. Dadabai Nauroji
2. D.R. Gadgil
3. Sen Gupta
4. Mahal Nobis
Option 2 – D.R. Gadgil
The book ‘Poverty of India’ was written by :
1. T.T. Krishnamachari
2. Adam Smith
3. John Keynes
4. Dadabai Nauroji
Option 4 – Dadabai Nauroji
The percentage of the total India’s population depending on agricultural sector is
1. 55
2. 60
3. 64
4. 70
Option 4 – 70
Which of the following comes under “unorganised sector”?
1. automobile industry
2. handloom industry
3. chemical industry
4. manufacture of engineering goods
Option 2 – handloom industry
South-West monsoon season in India is
1. from January to May
2. from June to September
3. from October to December
4. from March to June
Option 2 – from June to September
One of the largest rice producing states is
1. Kerala
2. Andhra Pradesh
3. Gujarat
4. Punjab
Option 2 – Andhra Pradesh
Zamindari system was introduced by
1. Lord Cornwallis
2. Robert Clive
3. Lord Bentinck
4. Lord Dalhousie
Option 1 – Lord Cornwallis
Mahalwari system was in practice in
1. Coorg
2. Agra
3. Orissa
4. Andhra Pradesh
Option 2 – Agra
The major Kharif crop is
1. Rice
2. Wheat
3. Grain
4. Groundnut
Option 1 – Rice
Which of the following is an unearned income? ( Economics Chapter 2 Class 10 MCQ )
1. income from property
2. daily wages
4. monthly salary
Option 1 – income from property
India has adopted
1. capitalist economic system
2. mixed economic system
3. socialist economic system
4. none of the three economic systems
Option 2 – mixed economic system
The economic system in which public and private sectors exist is called
1. socialist economic system
2. capitalist economic system
3. mixed economic system
4. none of them
Option 3 – mixed economic system
1. U.S.A
2. U.K
3. India
4. China
Option 4 – China
The person who made the classification of Economics.
1. Adam Smith
2. Ragner Frisch
3. Amarthya Sen
4. Marshall
Option 2 – Ragner Frisch
Macro Economics gives importance to
1. Price theory
2. Profit and Loss
3. Welfare
4. National income
Option 4 – National income
The economist who viewed economics as a science dealing with wealth
1. Recardo
2. Robbins
3. Adam Smith
4. Amarthya Sen
Option 3 – Adam Smith
1. Economics
2. History
3. Civics
4. Geography
Option 3 – Civics
Which is not a factors of production
1. Land
2. Labour
3. Car
4. Capital
Option 3 – Car
Capital means :
1. Natures wealth
2. Goods and Services
3. Organisation
4. Buildings and Machinery
Option 4 – Buildings and Machinery
Utility type by stitch a shirt :
1. Form
2. time
3. collective
4. place
Option 1 – Form
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