Basic Concepts of Economics-III

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There are 5 Multiple Choice based Questions below. You are required to enter your Name, Section and Roll number at the beginning and then go for attempting the questions. All the questions are designed to enhance your knowledge so try to attempt them sincerely.

Enter your Name, Section, and Roll no. *

1. Which of the following is not a characteristic of wealth? *

1 point

Utility

Scarcity

Non-Transferability

Externality

2. Example of non-economic welfare is ___________. *

1 point

Purchasing of Rice

Selling of Fruits

Distributing Food

Aid for the aged poor

3. Income = Consumption expenditure + _____________ *

1 point

Investment

Production

Savings

Dealing

4. Investment is a ___________ concept. *

1 point

Stock

Shave

Flow

Distributive

5. Per Capita Income = _____________/Population of the Country. *

1 point

Individual Income

Production

Distribution of Product

National Income

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