Production refers to _______.

(a)

destruction of utility

(b)

creation of utilities

(c)

exchange value

(d)

none of these

Utilities are in the nature of _______.

(a)

form utility

(b)

time utility

(c)

place utility

(d)

all of these

_______is carried out by extractive industries.

(a)

secondary production

(b)

primary production

(c)

tertiary production

(d)

service production

Primary factors are _______.

(a)

land, capital

(b)

capital, labour

(c)

land, labour

(d)

none of these

The entrepreneur is also called _______.

(a)

exchanger

(b)

Agent

(c)

organizer

(d)

communicator

Indian Economy is a ___________ Economy

(a)

Private

(b)

Public

(c)

Mixed

(d)

Socialist

The most to the Gross Domestic product of our country is contributed by the __________ sector.

(a)

Tertiary

(b)

 Primary

(c)

Secondary

(d)

All the above

______________ is known as 'Father of Economics'.

(a)

Alfred Marshall

(b)

Adam Smith

(c)

Karl Mark

(d)

Amartya Sen

__________ cannot be stored.

(a)

Land

(b)

Capital

(c)

Organisation

(d)

Labour