Economics Practice Quiz 99

Q1.An activity or service that is organised by an individual or company for their own gain is termed as what in the context of the provided text?

A. Public service. B. Cooperative service. C. Private service. D. Government service.

Q2.What did the government announce for the families who had lost relatives and people in hospitals in Patalpuram district?

A. A new tax policy. B. A compensation for these. C. A change in administrative leadership. D. A ban on public gatherings.

Q3.Why are the wages of domestic workers generally low?

A. Because they work for short hours. B. Because domestic work does not have much value. C. Because most domestic workers are unskilled. D. Because their employers are usually poor.

Q4.Why are things cheap in the weekly market?

A. Because there is no competition B. Because the sellers are big business persons C. Because the sellers do not have to pay rent and wages D. Because the market is held only once a year

Q5.Why don't we find big business persons in weekly markets?

A. Because they are not allowed to sell B. Because they do not want to sell C. Because the market is not profitable for them D. Because the sellers in weekly markets are mostly small traders who sell goods at cheaper rates

Q6.How do sellers in weekly markets store the goods they sell?

A. In permanent shops B. In warehouses C. At home D. In offices

Q7.What happens if a seller in a weekly market charges a high price?

A. People will still buy from them B. People will complain to the government C. People will move to another shop where the same thing may be available more cheaply D. People will stop going to the market

Q8.What was the price range of the dresses in the shop that Kavita and Sujata entered?

A. Less than ` 1,000 B. Between ` 1,000 and ` 2,000 C. None of them was less than ` 3,000 D. More than ` 5,000

Q9.How did the prices of the dresses in the shop compare to the weekly market price?

A. They were the same as the weekly market price B. They were half the weekly market price C. They were almost five times the weekly market price D. They were ten times the weekly market price

Q10.What is the primary role of merchants in the cloth market?

A. They weave the cloth B. They supply yarn to weavers C. They export the finished cloth D. They purchase the finished cloth from weavers

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Economics Practice Quiz 99