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- 1. Multiple Choice
It is an effective desire for a commodity and the willingness to put in efforts to acquire it.
Desire
Need
Wants
All of these
- 2. Multiple Choice
A commodity which is capable of satisfying human wants or anything which has utility is called
Products
Goods
Things
Capitals
- 3. Multiple Choice
non-material goods are those goods which are intangible.
Services
Non Services
Both A and B
None of these
- 4. Multiple Choice
all the goods which can satisfy human wants and for which
payment is made.
Material
Wealth
Product
Non of these
- 5. Multiple Choice
All those man-made goods which are used for further production are called?
Material
Services
Wealth
Capital
- 6. Multiple Choice
Characteristics of Wealth ?
Utility, Scarcity, Transferability
Utility, Availability, Transparancy
Scarcity, Money, Returns
All of these
- 7. Multiple Choice
Which of these is not included in wealth : Copyright, Beauty, Goodwill, Machinery.
Copyright
Beauty
Goodwill
Machinery
- 8. Multiple Choice
want satisfying power of a commodity.
Copyright
Wealth
Utility
Capital
- 9. Multiple Choice
Process of creating various goods and services.
Agriculture
Production
Product
USefulness
- 10. Multiple Choice
Destruction or lessening of goods to satisfy human wants.
Consumption
Wastage
Both A and B
None of these
- 11. Multiple Choice
Use of products and services that have the least
effect on the environment.
Consumption
Utilisation
Destruction
Sustainable consumption
- 12. Multiple Choice
Give meaning of Land.
Surface of the Earth
All the free gifts of
nature
Surface of the Earth and all the free gifts of
nature
None of these
- 13. Multiple Choice
All type of human work is considered under ?
Land
Labour
Capital
Organisation
- 14. Multiple Choice
Meaning of Organisation
Services of Entrepreneur
Entrepreneur
company
Non of these
- 15. Multiple Choice
A system by which the buyers and sellers establish contacts with each other.
Marketing
Online
Market
None of these
- Answer choicesTagsAnswer choicesTags