CA CPT - Basics of General Economics - Meaning and Nature of Economics

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Question - 1

The meaning of the word 'Economic' is most closely connected with the word

  • A Extravagant
  • B Scarce
  • C Unlimited
  • D Restricted

Question - 2

Human Wants are

  • A Extravagant
  • B Scarce
  • C Unlimited
  • D Restricted

Question - 3

"Ends" refer to

  • A Human Wants
  • B Resources
  • C Both (a) and (b)
  • D Neither (a) nor (b)

Question - 4

"Means" refer to

  • A Human Wants
  • B Resources
  • C Both (a) and (b)
  • D Neither (a) nor (b)

Question - 5

The Means for satisfying Wants are

  • A Not available at all
  • B Scarce
  • C Unlimited
  • D Not usable

Question - 6

"Resources" refer to

  • A Unproductive Resources
  • B Productive Resources
  • C Money only
  • D None of the above

Question - 7

Which of the following is an economic activity?

  • A Listening to music on the radio
  • B Teaching one's own son at home
  • C Medical Facilities rendered by a Charitable Dispensary
  • D A Housewife doing household duties

Question - 8

Which of the following is not an economic activity?

  • A A Son looking after his ailing mother
  • B A O1arteredAccountant doing his own practice
  • C A Soldier serving at the border
  • D A Farmer growing Millets

Question - 9

Which of the following is an economic activity?

  • A Sale of Goods to Consumers
  • B Teaching one's own nephew at home
  • C A Housewife doing household duties
  • D Watching Television

Question - 10

Which of the following is an economic activity?

  • A Playing friendly cricket match
  • B Teaching one's own daughter at home
  • C Manufacturing Chairs at subsidised rate
  • D A Housewife doing household duties