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Chapter 2 BASIC CONCEPTS OF ECONOMICS MCQs

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1. .1 The power of a good or service by which it can satisfy human want is called……..?





2. .2 It is the income of a person during a specified period of time:





3. .3 Savings depend upon………..?





4. .4 If in results is an increase of national assets:





5. .5 To get profit by investing in a business is called………?





6. .6 If a government invests to increase the assets of a country is called….?





7. .7 Investment means:





8. .8 A mobile phone or a car are the examples of …………….wealth?





9. .9 Elements/Factors of value include:





10. .10 The power of a commodity in exchange of which other commodities can be obtained is called:





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