MCQ Chapter 8 Building Blocks in Economics Class 9 Social Science CBSE Board

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Building Blocks in Economics: The Problem of Choice

1. What is the fundamental problem that economics seeks to address?

Question 1 of 20

2. What is the meaning of the Greek word oikonomia, from which the word "Economics" is derived?

Question 2 of 20

3. Economics mainly deals with:

Question 3 of 20

4. Which of the following is an example of an economic entity?

Question 4 of 20

5. Economists help individuals and institutions make better decisions by analysing:

Question 5 of 20

6. Which document reviews India's economic performance every year?

Question 6 of 20

7. The Economic Survey is presented in Parliament:

Question 7 of 20

8. Which ministry prepares the Economic Survey of India?

Question 8 of 20

9. Which of the following is included in the scope of work of economists?

Question 9 of 20

10. Which of the following is NOT one of the three key questions in economics?

Question 10 of 20

11. Scarcity arises because:

Question 11 of 20

12. Producing more barley requires sacrificing some wheat.This sacrifice is known as:

Question 12 of 20

13. The Production Possibility Curve (PPC) shows:

Question 13 of 20

14. Every point on the Production Possibility Curve represents:

Question 14 of 20

15. The Production Possibility Curve generally slopes:

Question 15 of 20

16. In the example of barley and wheat, moving from point A to point E means:

Question 16 of 20

17. The concept of opportunity cost helps in:

Question 17 of 20

18. Which economic question concerns the methods, resources, and technology used in production?

Question 18 of 20

19. Which of the following is an example of a labour-intensive activity?

Question 19 of 20

20. Which of the following are the factors of production mentioned in the chapter?

Question 20 of 20


 

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