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. In a market economy, consumers influence production through:

Question 1 of 20

2. One disadvantage of a market economy is:

Question 2 of 20

3. A mixed economy combines the features of:

Question 3 of 20

4. In a mixed economy, economic activities are carried out by:

Question 4 of 20

5. Which economic system is followed by India?

Question 5 of 20

6. In a mixed economy, the government mainly controls:

Question 6 of 20

7. Private enterprises in a mixed economy mainly operate to:

Question 7 of 20

8. The government participates in a mixed economy mainly to:

Question 8 of 20

9. Which economic system offers both market freedom and government regulation?

Question 9 of 20

10. The term "public sector" refers to enterprises owned by:

Question 10 of 20

11. The term "private sector" refers to enterprises owned by:

Question 11 of 20

12. The main objective of public sector enterprises is to:

Question 12 of 20

13. Which of the following is a characteristic of the private sector?

Question 13 of 20

14. Economic decisions involve choosing because:

Question 14 of 20

15. The concept of opportunity cost reminds decision-makers that:

Question 15 of 20

16. Efficient use of available resources leads to:

Question 16 of 20

17. Economic choices are necessary for:

Question 17 of 20

18. Which of the following best describes economics?

Question 18 of 20

19. The central idea behind every economic system is to answer:

Question 19 of 20

20. The ultimate objective of efficient economic decision-making is to:

Question 20 of 20


 

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