1. Economics is a science that studies:

2. Economics mainly aims at:

3. Consumers try to maximize their

4. Producers try to maximize their

5. The following factors satisfy human wants:

6. Which of the following is an economic want?

7. Microeconomics studies:

8. Who is known as the Father of Microeconomics?

9. Macroeconomics deals with the following:

10. Who is known as the Father of Macroeconomics?

11. GDP and inflation are studied under the following:

12. India’s economic sectors are classified on the basis of:

13. Agriculture belongs to:

14. Manufacturing belongs to:

15. The secondary sector is also known as:

16. The tertiary sector is also known as

17. Jobs in the tertiary sector are generally called the following:

18. Collection and dissemination of information are related to the following:

19. Policy making and highest-level decision making belong to:

20. Employment terms are fixed and regular in

21. Workers get social security in:

22. Low income and irregular employment are features of:

23. In the public sector, most assets belong to:

24. The private sector is mainly motivated by:

25. Which of the following is a basic economic activity?

26. Factors of production include:

27. Which factor of production is naturally occurring?

28. Mental and physical efforts used in production are called:

29. Machinery and tools used in production are called:

30. People engaged in primary activities are called the following: