MEDIUM
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Which of the following activities is not a part of the primary sector?

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Important Questions on People as Resource

HARD

A carpenter has a workshop near a marketplace in a small town. He employed two persons A and B on a daily wage. The carpenter is not happy with these two workers. A is irregular, mostly either he comes late or goes home early for some reason, but completes his assigned jobs on time. B is regular but takes double the time as A to complete the job. The carpenter pays the same daily wage rate to both.

Which of the following suggestion you would recommend to the carpenter?

HARD
Mixed economy means an economy where there is
MEDIUM
An industrialist Mr. Bajaj has made an investment of 10 Lacs on education. 10 Lacs on training and 5 Lacs on the medical care of the employees of his company. His efforts are towards strengthening to
HARD

Identify incorrect statement/ statements.

  1. Printing too much money leads to inflation.
  2. Before 2013 Government of India used to issue only two types of Ration cards, APL and BPL.
  3. India has a mixed economy and USA has a Socialist economy.
  4. It is worthwhile to move to Consumer Court only if the damages incurred are of high value.
EASY
Who wrote the book "Wealth of Nations"?
MEDIUM

Dhanno gets up in the morning and milks her cow. She sells milk to three houses. She then cooks food for her family, and prepares her children for school. AT 10a.m. she goes to the market with vegetables from her garden and sells them. By 11:30 a.m. she goes to Simranjeet’s house and cooks food for Simranjeet’s family. At 2:00 p.m. she goes to Harpreet’s house and washes clothes. By 5:00 p.m. she goes home and washes her family’s clothes.

Identify the economic activities performed by Dhanno.

I. Getting her children ready for school

II. Cooking food for her family

III. Cooking for Simranjeet’s family

IV. Washing her family’s clothes

V. Washing Harpreet’s clothes

VI. Selling vegetables

VII. Selling milk

MEDIUM
Which of the following is not a primary activity?
MEDIUM
Economic activities can be classified into
HARD
How does government regulate the activities of the private sector in a mixed economy?
MEDIUM
Manufacturing is included in which activity?
MEDIUM
What are the defects of capitalist system?
MEDIUM
Which of the following is not a tertiary activity?
MEDIUM
Co-existence of public and private sectors is seen in _____(Mixed economy/Capitalist economy).
HARD
What is the difference between economic activities and non-economic activities?
MEDIUM
Good example of capitalist economy is _____(USSR/U.S.A.).
MEDIUM

Select the odd one out from among the occupations given below.

Textile Factory; Restaurant; Flour Mill; Builder

 

MEDIUM
Which of the following is an economic activity?
MEDIUM
Free enterprise is a basic feature of _____(Capitalist/Socialist) economy.