Skip to Content
15 questions
Show Answers
See Preview
- 1. Multiple-choice30 seconds1 pt
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-choice30 seconds1 pt
A commodity which is capable of satisfying human wants or anything which has utility is called
Products
Goods
Things
Capitals
- 3. Multiple-choice30 seconds1 pt
non-material goods are those goods which are intangible.
Services
Non Services
Both A and B
None of these
- 4. Multiple-choice30 seconds1 pt
all the goods which can satisfy human wants and for which
payment is made.
Material
Wealth
Product
Non of these
- 5. Multiple-choice30 seconds1 pt
All those man-made goods which are used for further production are called?
Material
Services
Wealth
Capital
- 6. Multiple-choice30 seconds1 pt
Characteristics of Wealth ?
Utility, Scarcity, Transferability
Utility, Availability, Transparancy
Scarcity, Money, Returns
All of these
- 7. Multiple-choice30 seconds1 pt
Which of these is not included in wealth : Copyright, Beauty, Goodwill, Machinery.
Copyright
Beauty
Goodwill
Machinery
- 8. Multiple-choice30 seconds1 pt
want satisfying power of a commodity.
Copyright
Wealth
Utility
Capital
- 9. Multiple-choice30 seconds1 pt
Process of creating various goods and services.
Agriculture
Production
Product
USefulness
- 10. Multiple-choice30 seconds1 pt
Destruction or lessening of goods to satisfy human wants.
Consumption
Wastage
Both A and B
None of these
- 11. Multiple-choice30 seconds1 pt
Use of products and services that have the least
effect on the environment.
Consumption
Utilisation
Destruction
Sustainable consumption
- 12. Multiple-choice30 seconds1 pt
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-choice30 seconds1 pt
All type of human work is considered under ?
Land
Labour
Capital
Organisation
- 14. Multiple-choice30 seconds1 pt
Meaning of Organisation
Services of Entrepreneur
Entrepreneur
company
Non of these
- 15. Multiple-choice30 seconds1 pt
A system by which the buyers and sellers establish contacts with each other.
Marketing
Online
Market
None of these
