Explore topic-wise InterviewSolutions in .

This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.

1.

economic problem, in the context of a country, is using resource.A. (a) FullyB. (b) EfficientlyC. (c) Both fully and efficientlyD. (d) None of the above

Answer» Correct Answer - C
Discussion
2.

Economic problem arises because:A. (a) Resources are limitedB. (b) Most resources have alternative usesC. (c) Wants are unlimitedD. (d) All the above

Answer» Correct Answer - D
Discussion
3.

Economic problem arises because of:A. (a) Unlimited wantsB. (b) Unlimited resourcesC. (c) Both a and bD. Neither a nor b

Answer» Correct Answer - A
Discussion
4.

The area of an economy is confined to :A. (a) A region of a countryB. (b) country as a wholeC. (c) World as a wholeD. (d) Any of the above

Answer» Correct Answer - D
Discussion
5.

The word "economy" stands for:A. (a) Government institutionsB. (b) PeopleC. (c) Income earning activites of the peopleD. (d) all of the above

Answer» Correct Answer - C
Discussion