ECO - Production English Medium Free Online Test 1 Mark Questions with Answer Key 2020 - 2021

7th Standard

    Reg.No. :
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Social Science

Time : 00:10:00 Hrs
Total Marks : 9

    Part A

    9 x 1 = 9
  1. Production refers to _______.

    (a)

    destruction of utility

    (b)

    creation of utilities

    (c)

    exchange value

    (d)

    none of these

  2. Utilities are in the nature of _______.

    (a)

    form utility

    (b)

    time utility

    (c)

    place utility

    (d)

    all of these

  3. _______is carried out by extractive industries.

    (a)

    secondary production

    (b)

    primary production

    (c)

    tertiary production

    (d)

    service production

  4. Primary factors are _______.

    (a)

    land, capital

    (b)

    capital, labour

    (c)

    land, labour

    (d)

    none of these

  5. The entrepreneur is also called _______.

    (a)

    exchanger

    (b)

    Agent

    (c)

    organizer

    (d)

    communicator

  6. Indian Economy is a ___________ Economy

    (a)

    Private

    (b)

    Public

    (c)

    Mixed

    (d)

    Socialist

  7. 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

  8. ______________ is known as 'Father of Economics'.

    (a)

    Alfred Marshall

    (b)

    Adam Smith

    (c)

    Karl Mark

    (d)

    Amartya Sen

  9. __________ cannot be stored.

    (a)

    Land

    (b)

    Capital

    (c)

    Organisation

    (d)

    Labour

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