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Introduction to Economics Economics - Introduction to Economics

ICSE - STD 9 - Economics (ICSE - English Medium). 56 questions in this chapter.

Question types

Introduction to Economics question types

56 questions across 6 question groups — pick any mix to generate a Economics paper with step-by-step answer keys.

56
Questions
6
Question groups
5
Question types
Sample Questions

Introduction to Economics questions

One sample from each question group in this chapter. Select any group above to see the full set with answer keys.

Q 1MCQ1 Mark
Identify economic activity from the following.
  • A
    A child playing with toys
  • B
    A woman doing cooking for her family
  • ✓
    Poultry farming
  • D
    None of these

Answer: C.

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Q 2MCQ1 Mark
Which of the following is NOT an economic activity?
  • A
    To worship
  • B
    To help the poor
  • C
    Donating blood to an injured person
  • ✓
    All of these

Answer: D.

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Q 3MCQ1 Mark
Mr. Arvind wants to study the national income. Which branch of economics will he have to study?
  • A
    Microeconomics
  • B
    Factor price determination
  • ✓
    Macroeconomics
  • D
    Price theory

Answer: C.

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Q 4MCQ1 Mark
Which of the following options is not a macro economic study?
  • A
    Output of a firm
  • B
    Household income
  • C
    Market demand of apples
  • ✓
    All of these

Answer: D.

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Q 5MCQ1 Mark
Which of the following options is a micro economic study?
  • A
    National Income
  • B
    Aggregate demand for goods and services
  • C
    Agricultural production
  • ✓
    Household income

Answer: D.

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Q 6Assertion (A) & Reason (B) MCQ1 Mark
Assertion(A) : Chef cooking food at a hotel is an economic activity.
Reason(R) : The activity of chef is not concerned with the creation of money.
  • A
    Both Assertion(A) and Reason(R) are true and Reason(R) is the correct explanation of Assertion(A).
  • B
    Both Assertion(A) and Reason(R) are true and Reason(R) is not the correct explanation of Assertion(A).
  • ✓
    Assertion(A) is true but Reason(R) is false.
  • D
    Assertion(A) is false but Reason(R) is true.

Answer: C.

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Q 7Assertion (A) & Reason (B) MCQ1 Mark
Statement (1) : Household income is the subject matter of macroeconomics.
Statement (2) : National Income is a microeconomic study.
  • A
    Both statements are true.
  • ✓
    Both statements are false.
  • C
    Statement 1 is true, Statement 2 is false.
  • D
    Statement 2 is true, Statement 1 is false.

Answer: B.

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Q 8Assertion (A) & Reason (B) MCQ1 Mark
Statement (1) : The book titled 'An Enquiry into the Nature and Causes of the Wealth of Nations' was authored by Adam Smith.
Statement (2) : Prof. Alfred Marshall gave welfare definition of economics.
  • ✓
    Both statements are true.
  • B
    Both statements are false.
  • C
    Statement 1 is true, Statement 2 is false.
  • D
    Statement 2 is true, Statement 1 is false.

Answer: A.

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Q 9Assertion (A) & Reason (B) MCQ1 Mark
Assertion(A) : Alfred Marshall emphasised on the production of wealth in his definition of economics.
Reason(R) : Robbins emphasised on choice under scarcity.
  • A
    Both Assertion(A) and Reason(R) are true and Reason(R) is the correct explanation of Assertion(A).
  • B
    Both Assertion(A) and Reason(R) are true and Reason(R) is not the correct explanation of Assertion(A).
  • C
    Assertion(A) is true but Reason(R) is false.
  • ✓
    Assertion(A) is false but Reason(R) is true.

Answer: D.

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