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Basics concept of economics Quiz

Froggy Jumps

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About this activity

Test your knowledge of fundamental economic concepts!

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India

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Basics concept of economics Quiz
 

Froggy Jumps

Basics concept of economics QuizOnline version

Test your knowledge of fundamental economic concepts!

by Komal gujar
1

1. What is a service?

2

Which of the following is an example of a good?

3

What does ‘utility’ mean in economics?

4

Which one shows welfare?

5

Capital is used for...?

6

Labor means...?

7

What is the role of the entrepreneur?

8

Which of these is NOT a factor of production?

9

Which is a traditional market?

10

What is saving?

11

Consumption means...?

12

A mother buys a toy for her son. Who is the consumer?

13

A consumer always pays for the product. (True/False)

14

Which is an example of a service?

15

Which action shows saving?

16

Which one is a want, not a need?

17

Land in economics refers to...?

18

A shopkeeper buys biscuits to sell. Who is the consumer?

19

Market is...?

20

Which is an example of capital?

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