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