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NCERT (Economics) Class-X

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EconomicsDate Added: 2022-05-21 Consider the following Assertion (A) and Reason (R) statements: Assertion (A): Different persons can have different developmental goals. Reason (R): The notion of 'development' for one can be destructive for other. Choose the correct answer from the options given below:
	Both A and R are individually correct and R is the correct explanation of A
	Both A and R are individually correct but R is not the correct explanation of A
	A is correct but R is incorrect
	Both are incorrect.

EconomicsDate Added: 2022-05-21 Consider the following Assertion (A) and Reason (R) statements: Assertion (A): In context of development, things like equal treatment, freedom, security, and respect of others are more important than income or more consumption Reason (R): Material goods are not all that one needs to live. Choose the correct answer from the options given below:
	Both A and R are individually correct and R is the correct explanation of A
	Both A and R are individually correct but R is not the correct explanation of A
	A is correct but R is incorrect
	Both are incorrect.

EconomicsDate Added: 2022-05-21 Quality of life of human being invariably depends upon: 1. Stable income 2. Equal treatment 3. Freedom4. Respect of others Choose the correct answer using the options given below:
	Only 1 and 2
	Only 1, 2 and 3
	Only 2, 3 and 4
	All the above

EconomicsDate Added: 2022-05-21 Consider the following Assertion (A) and Reason (R) statements: Assertion (A): In context of developmental economics, things which cannot be measured are not important. Reason (R): Unmeasured things are easy to be ignored. Choose the correct answer from the options given below:
	Both A and R are individually correct and R is the correct explanation of A
	Both A and R are individually correct but R is not the correct explanation of A
	A is incorrect but R is correct
	Both are incorrect.

EconomicsDate Added: 2022-05-21 If women are engaged in paid work, what is its possible social consequences?
	Their dignity in the household and society increases.
	They are boycotted by society
	The working women start feeling more insecure than non-working women.
	None of the above.

EconomicsDate Added: 2022-05-21 Consider the following Assertion (A) and Reason (R) statements: Assertion (A): Countries with higher income are more developed than others with less income. Reason (R): Greater income itself is considered to be one important goal for development. Choose the correct answer from the options given below:
	Both A and R are individually correct and R is the correct explanation of A
	Both A and R are individually correct but R is not the correct explanation of A
	A is incorrect but R is correct
	Both are incorrect.

EconomicsDate Added: 2022-05-21 Which of the following is correct about 'average income' of a country?
	It is the total income of the country divided by its total population.
	It is the total income of the country minus taxes imposed by the Government.
	It is the total income of the country minus imports.
	None of the above

EconomicsDate Added: 2022-05-21 'World Development Report' is brought in by which of the following international institutions?
	IMF
	World Bank
	World Trade Organisation
	None of the above

EconomicsDate Added: 2022-05-21 Consider the following statements: 1. Countries with per capita income of US$ 12,056 per annum and above in 2017, are called rich countries. 2. India comes in the category of low middle income countries. The correct statement(s) is/are:
	Only 1
	Only 2
	1 and 2 both
	Neither 1 nor 2

EconomicsDate Added: 2022-05-21 'Human Development Report' published by:
	United Nations
	World Bank
	UNESCO
	None of the above

EconomicsDate Added: 2022-05-21 Which of the following criterion/criteria is/are being used in Human Development Report? 1. Educational level 2. Health status 3. Per capita consumption Select the correct answer using the options given below:
	Only 1 and 2
	Only 1 and 3
	Only 2 and 3
	All the above

EconomicsDate Added: 2022-05-21 The Human Development Index (HDI) includes which of the following parameters/indicators/sub-indicators of development: 1. Real Per capita income adjusted for Purchasing power parity (PPP). 2. Asset ownership by population. 3. Participation of women in the workforce. Choose the correct answer using the options given below
	Only 2 and 3
	Only 1 and 3
	Only 1
	Only 1 and 2

EconomicsDate Added: 2022-05-21 Which of the following neighbouring countries has better performance in terms of human development than India?
	Bangladesh
	Sri Lanka
	Nepal
	Pakistan

EconomicsDate Added: 2022-05-21 Consider the following statements: 1. Kerala has the highest per capita income amongst states of India. 2. Bihar has the least per capita income amongst states of India. The correct statement(s) is/are:
	Only 1
	Only 2
	1 and 2 both
	Neither 1 nor 2

EconomicsDate Added: 2022-05-21 Development of a country can generally be determined by:
	Its per capita income.
	Its average literacy level.
	Health status of its people.
	All the above.

EconomicsDate Added: 2022-05-21 How is the average income of any country calculated?
	By dividing the total income of the country by its total population.
	By multiplying the total income of individuals whose annual income is 1 lakh rupees by the total population.
	By dividing the total income of the people above the poverty line by the total population.
	By dividing the total tax amount received by the government from the total population.

EconomicsDate Added: 2022-05-21 Which of the following states has lowest infant mortality rate?
	Maharashtra
	West Bengal
	Kerala
	Tamil Nadu

EconomicsDate Added: 2022-05-21 Which of the following organization published the Human Development Report at the global level?
	United Nations Development Program
	World Bank
	International Monetary Fund
	World Trade Organization

EconomicsDate Added: 2022-05-21 On which basis, are various countries placed in the Human Development Report? 1. Educational levels of the people 2. Health status 3. Per capita income Choose the correct answer using the options given below:
	1 only
	2 only
	1 and 3 only
	1, 2 and 3

EconomicsDate Added: 2022-05-21 Which neighboring country is better than India in terms of the HDI rank in the world?
	Nepal
	Sri Lanka
	Myanmar
	Bangladesh

EconomicsDate Added: 2022-05-21 National Sample Survey Organisation (NSSO) is an important institution which estimates the national income of a given fiscal year. The NSSO is under the administrative control of:
	Ministry of Finance
	Ministry of Industry and Commerce
	Ministry of Statistics, Planning and Programme Implementation,
	NITI Aayog

EconomicsDate Added: 2022-05-21 Consider the following statements: 1. Goods in secondary sector is produced by directly exploiting the natural resources. 2. The tertiary sector covers activities in which natural products are changed into other forms through ways of manufacturing associated with industrial sector. The correct statement(s) is/are:
	Only 1
	Only 2
	1 and 2 both
	Neither 1 nor 2

EconomicsDate Added: 2022-05-21 Which of the following is/are part of secondary sector of an economy? 1. Transport2. Storage 3. Communication Select the correct answer using the options given below:
	Only 1
	Only 1 and 2
	Only 2 and 3
	None of the above

EconomicsDate Added: 2022-05-21 Consider the following statements: 1. Gross Domestic Product (GDP) is the value of all final goods and services produced within a country during a particular year. 2. In India, the mammoth task of measuring GDP is undertaken by the NITI Aayog. The correct statement(s) is/are:
	Only 1
	Only 2
	1 and 2 both
	Neither 1 nor 2

EconomicsDate Added: 2022-05-21 Consider the following statements: 1. The tertiary sector has emerged as the largest producing sector in India. 2. The secondary sector of Indian economy continues to be the largest employer. The correct statement(s) is/are:
	Only 1
	Only 2
	1 and 2 both
	Neither 1 nor 2

EconomicsDate Added: 2022-05-21 Which of the following is the primary characteristic of 'underemployment'?
	Wages are low
	No social security
	More people is involved than the required
	All of the above

EconomicsDate Added: 2022-05-21 Which of the following Acts is mandated to implement the 'Right to Work'?
	Right to Information (RTI) Act
	Mahatma Gandhi National Rural Employment Guarantee Act 2005 (MGNREGA 2005)
	Right to Education (RTE). 2010
	None of the above

EconomicsDate Added: 2022-05-21 In which of the following system(s) 'double coincidence of wants' is an essential feature?
	Money as a medium of exchange system
	Barter exchange system
	Both a and b
	None of the above

EconomicsDate Added: 2022-05-21 Consider the following statements: 1. In India, the Reserve Bank of India issues currency notes on behalf of the central government . 2. Use of rupee as a medium of payment cannot be refused in settling transactions in India. The correct statement(s) is/are:
	Only 1
	Only 2
	1 and 2 both
	Neither 1 nor 2

EconomicsDate Added: 2022-05-21 Consider the following statements: 1. Banks keep only a small proportion of their deposits as cash with themselves. 2. Banks charge a higher interest rate on loans than what they offer on deposits. The correct statement(s) is/are:
	Only 1
	Only 2
	1 and 2 both
	Neither 1 nor 2

EconomicsDate Added: 2022-05-21 Which of the following can be used as a collateral part of terms of credit? 1. Land 2. Building 3. Vehicle 4. Livestocks Choose the correct answer using the codes given below:
	Only 1 and 2
	Only 1 and 3
	Only 1, 2 and 4
	All the above

EconomicsDate Added: 2022-05-21 Which of the following is/are part of 'terms of credit'? 1. Interest rate 2. Collateral and documentation requirement 3. Mode of repayment Choose the correct answer using the codes given below:
	Only 1 and 2
	Only 1 and 3
	Only 2 and 3
	All the above

EconomicsDate Added: 2022-05-21 Consider the following statements: 1. The Reserve Bank of India supervises the functioning of both formal sources as well as informal sources of loans . 2. Informal lenders charge a much higher interest on loans than formal lenders. The correct statement(s) is/are:
	Only 1
	Only 2
	1 and 2 both
	Neither 1 nor 2

EconomicsDate Added: 2022-05-21 Which of the following act(s) as inhibiting factor(s) in formal credit accessibility of poor and marginalised people? 1. Lack of bank presence in rural areas 2. Lack of collateral 3. Complex paperwork for credit from formal sources 4. Lack of liquidity for formal sources of credit. Choose the correct answer using the options given below:
	Only 1 and 2
	Only 1 and 3
	Only 1, 2 and 3
	All the above

EconomicsDate Added: 2022-05-21 Consider the following statements with respect to Self-Help Groups (SHGs): 1. A typical SHG has 150-200 members, usually belonging to one neighbourhood. 2. Members can take interest-free small loans from the group itself to meet their needs. The correct statement(s) is/are:
	Only 1
	Only 2
	1 and 2 both
	Neither 1 nor 2

EconomicsDate Added: 2022-05-21 Grameen Bank of Bangladesh is one of the biggest success stories in reaching the poor to meet their credit needs at reasonable rates. Who is the founder of Grameen Bank of Bangladesh?
	Sheikh Mujibur Rahman
	Sheikh Hasina
	Kazi Nazrul Islam
	Muhammad Yunus

EconomicsDate Added: 2022-05-21 Consider the following statements: 1. The SHGs help borrowers overcome the problem of lack of collateral. 2. The SHGs also provide a platform to discuss and act on a variety of social issues such as health, nutrition, domestic violence, etc. The correct statement(s) is/are:
	Only 1
	Only 2
	1 and 2 both
	Neither 1 nor 2

EconomicsDate Added: 2022-05-21 Consider the following statements: 1. Until the middle of the twentieth century, production was largely organised within countries. 2. An MNC is a company that owns or controls production in more than one nation. The correct statement(s) is/are:
	Only 1
	Only 2
	1 and 2 both
	Neither 1 nor 2

EconomicsDate Added: 2022-05-21 Under the globalisation system, Multi-National Companies (MNCs): 1. Produce the goods and services globally. 2. Sell its finished products globally. Choose the correct answer using the options given below:
	Only 1
	Only 2
	1 and 2 both
	Neither 1 nor 2

EconomicsDate Added: 2022-05-21 Which of the following factor(s) determines/determine the location of production centres of MNCs? 1. Proximity to market 2. Available of skilled workforce 3. Cheap manufacturing Choose the correct answer using the options given below:
	Only 1 and 2
	Only 1 and 3
	Only 2 and 3
	All the above

EconomicsDate Added: 2022-05-21 Which of the following is/are among benefits of collaboration of domestic company with MNCs? 1. More capital investments 2. Newer technology 3. Guaranteed market Choose the correct answer using the options given below:
	Only 1 and 2
	Only 1 and 3
	Only 2 and 3
	All the above

EconomicsDate Added: 2022-05-21 Which of the following is the most common way of MNC investment in a country?
	Acquisition of smaller domestic companies and then expand the business
	Placing orders for production with small producers.
	Being an equal partner in total production
	None of the above

EconomicsDate Added: 2022-05-21 Which of the following is the most basic function of foreign trade?
	To create an opportunity for the producers to reach beyond the domestic markets.
	To earn foreign exchange reserve for the government.
	Making local advantages available to all across the world.
	None of the above.

EconomicsDate Added: 2022-05-21 Globalisation causes cross-border movement of which of the following? 1. Movements of goods 2. Investments and technology 3. Political control Choose the correct answer using the options given below:
	Only 1 and 2
	Only 1 and 3
	Only 2 and 3
	All the above

EconomicsDate Added: 2022-05-21 Consider the following statements: 1. After independence, India did not allow import of any goods. 2. All developed countries, during the early stages of development, have given protection to domestic producers. The correct statement(s) is/are:
	Only 1
	Only 2
	1 and 2 both
	Neither 1 nor 2

EconomicsDate Added: 2022-05-21 Consider the following statements: 1. Post-1991 economic reforms, businesses have been allowed to make decisions freely about what they wish to import or export. 2. Removing barriers or restrictions set by the government is known as liberalisation. The correct statement(s) is/are:
	Only 1
	Only 2
	1 and 2 both
	Neither 1 nor 2

EconomicsDate Added: 2022-05-21 Consider the following statements about Special Economic Zones (SEZs): 1. SEZs are to have world class infrastructure facilities. 2. Companies who set up production units in the SEZs are completely tax free. The correct statement(s) is/are:
	Only 1
	Only 2
	And 2 both
	Neither 1 nor 2

EconomicsDate Added: 2022-05-21 World Trade Organisation (WTO) is concerned with:
	International Foreign exchange system
	Eradication of global poverty
	Liberalisation of international trade
	None of the above

EconomicsDate Added: 2022-05-21 Which of the following can be the consequences of 'Protectionism' coupled with 'Import Substitution'? 1. Blocking large MNCs from entering into domestic markets 2. Revival of domestic employment 3. Reduction in foreign investment
	Only 1 and 3
	Only 2 and 3
	Only 1 and 2
	All the above

EconomicsDate Added: 2022-05-21 Consider the following assertion (A) and Reason (R) type statement: Assertion (A): Markets do not always work in a fair manner. Reason (R): Producers are few and powerful whereas consumers purchase in small amounts and are scattered. Choose the correct answer using the options given below:
	A and R both are individually correct and R is the correct explanation of A
	A and R both are individually correct and R is Not the correct explanation of A
	A is correct but R is incorrect.
	A is incorrect but R is correct.

EconomicsDate Added: 2022-05-21 Consider the following statements: 1. The consumer movement arose out of companies benevolence attitude towards consumers welfare. 2. Currently, the responsibility of ensuring quality of goods and services lies with the sellers. The correct statement(s) is/are:
	Only 1
	Only 2
	1 and 2 both
	Neither 1 nor 2

EconomicsDate Added: 2022-05-21 Consider the following statements: 1. In 1985 United Nations adopted the UN Guidelines for Consumer Protection. 2. Consumers International has become an umbrella body to over 220 member countries. The correct statement(s) is/are:
	Only 1
	Only 2
	1 and 2 both
	Neither 1 nor 2

EconomicsDate Added: 2022-05-21 Consider the following statements: 1. Following 1985 United Nations adopted the UN Guidelines for Consumer Protection, Indian government was the enactment of the Consumer Protection Act 1986. 2. Under the provisions of the Act, producers need to strictly follow the required safety rules and regulations. The correct statement(s) is/are:
	Only 1
	Only 2
	1 and 2 both
	Neither 1 nor 2

EconomicsDate Added: 2022-05-21 Consider the following statements: 1. Consumers have the right to be informed about the particulars of goods and services that they purchase. 2. One can also protest and complain if someone sells a good at more than the printed price on the packet. The correct statement(s) is/are:
	Only 1
	Only 2
	1 and 2 both
	Neither 1 nor 2

EconomicsDate Added: 2022-05-21 Which of the following has/have bearing on consumer protection in India? 1. UN Guidelines for Consumer Protection. 2. Consumer Protection Act 1986 3. Right to Information Act, 2005 Choose the correct answer using the options given below:
	Only 1 and 2
	Only 2
	Only 2 and 3
	All the above

EconomicsDate Added: 2022-05-21 Which of the following rights(s) is/are valid in context of consumer protection in India? 1. Right to choose 2. Right to be informed 3. Right to seek redressal Choose the correct answer using the options given below:
	Only 1 and 2
	Only 2
	Only 2 and 3
	All the above

EconomicsDate Added: 2022-05-21 Consider the following statements with respect to consumer forums: 1. They are voluntary in nature. 2. They guide consumers on how to file cases in the consumer court. 3. They also receive financial support from the government for creating awareness among people. Choose the correct answer using the options given below:
	Only 1 and 2
	Only 2
	Only 1 and 3
	All the above

EconomicsDate Added: 2022-05-21 Consider the following statements: 1. Under COPRA, a two-tier quasi- judicial machinery at the district and state levels was set up for redressal of consumer disputes. 2. The district-level court called District Forum deals with the cases involving claims upto Rs. 20 lakh while the state- level court called State Commission between Rs. 20 lakh and Rs. 1 crore. The correct statement(s) is/are:
	Only 1
	Only 2
	1 and 2 both
	Neither 1 nor 2

EconomicsDate Added: 2022-05-21 Consider the following statements: 1. ISI, Agmark or Hallmark etc. logos and certification help consumers get assured of quality while purchasing the goods and services. 2. The organisations that monitor and issue these certificates allow producers to use their logos provided they follow certain quality standards. The correct statement(s) is/are:
	Only 1
	Only 2
	1 and 2 both
	Neither 1 nor 2

EconomicsDate Added: 2022-05-21 Which of the following right is not available under Consumer Protection Act, 1986?
	Right to representation
	Right to safety
	Right to consumer education
	All the above are available under the Act

EconomicsDate Added: 2022-05-21 Consider the following assertion (A) and Reason (R) type statement: Assertion (A): India has been observing 24 December as the National Consumers' Day. Reason (R): It was on this day that the Indian Parliament enacted the Consumer Protection Act in 1986. Choose the correct answer using the options given below:
	A and R both are individually correct and R is the correct explanation of A
	A and R both are individually correct and R is Not the correct explanation of A
	A is correct but R is incorrect.
	A is incorrect but R is correct.

EconomicsDate Added: 2022-05-21 Which of the following is/are inhibiting factor(s) upon consumer redressal process in India? 1. Non issuance of cash memos 2. Large proportion of small retail sales 3. Lack of clarity on laws Choose the correct answer using the options given below:
	Only 1 and 2
	Only 2
	Only 2 and 3
	All the above