1. The power of a good or service by which it can satisfy human want is called……...?
(A) Wealth
(B) Utility
(C) Usefulness
(D) Value
2. It is the income of a person during a specified period of time:
(A) Net income
(B) National income
(C) Net-national income
(D) Personal income
3. Savings depend upon………...?
(A) Power to save
(B) Willingness to save
(C) Both a & b
(D) None of these
4. If in results is an increase of national assets:
(A) Wealth
(B) Investment
(C) Saving
(D) Value
5. To get profit by investing in a business is called………?
(A) National investment
(B) Personal investment
(C) Corporate investment
(D) International investment
6. If a government invests to increase the assets of a country is called….?
(A) Corporate investment
(B) Assets investment
(C) International investment
(D) National investment
7. Investment means:
(A) To purchase a running business
(B) All
(C) To start a new business
(D) To spend for a welfare
8. A mobile phone or a car are the examples of ……………. wealth?
(A) National
(B) Individual
(C) International
(D) Social
9. Elements/Factors of value include:
(A) All
(B) Utility
(C) Transferability
(D) Scarcity
10. The power of a commodity in exchange of which other commodities can be obtained is called:
(A) Prestige
(B) Utility
(C) Value
(D) Price