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CLASS X ECONOMICS (SOCIAL SCIENCE)

CHAPTER:1(DEVELOPMENT)

1. In order to get more income people need:-

a. Regular work c. Decent price for their
b. Better wages crops
d. All of these
2. Things like equal treatment, freedom, security and respect of others are:-
a. Material things c. Income
b. Non material things d. Growth
3. National Developmentrefers to:-
a. Equality c. Employment
b. Democratic d. Development of all sections
4. Per capita income refers to :-
a. Whole income c. National Income
b. Average income d. None of these
5. Literacy measures the proportion of literate population in the -----------age group.
a. 5 and above c. 7 and above
b. 6 and above d. 8 and above
6. BMI Stands for:-
a. Body Mass Index c. Below Measure Index
b. Bureau Mass Index d. None of these

7. In HDI the letter D stands for:-

a. Development c. Develop
b. Decision d. Delimitation
8. Sustainable development takes care of the present and ----------.
a. Society c. Future
b. Past d. Community
9. National Income refers to:-
a. Sum of all the factor c. Rent
incomes d. Interest
b. Wages
10. Economic Growth plus Change means:-
a. Economic Development c. National Income
b. Sustainable Development d. . None of these

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CHAPTER: 2(Sectors of the Indian Economy)

1. People are engaged in ------------- to produce goods and services.

a. Work c. Economic activities
b. Income d. Growth
2. Primary Sector is also known as----------------.
a. Agriculture and its related c. Economy
activities d. Dairy
b. Agriculture
3. Secondary Sector is also known as----------------
a. Industrial Sector c. Restructuring
b. Manufacturing d. None of these
4. Tertiary Sector is also known as----------------
a. Services Sector c. Trade
b. Hotel and restaurant d. None of these
5. Biscuits for the consumer in the market is a---------------
a. Final good c. Good
b. Intermediate good d. Services
6. In GDP, the letter D stands for------------
a. Domestic c. Development
b. Depression d. Deduction
7. From 1973 to 2003 which of the following sectors has grown considerably:-
a. Tertiary c. Agriculture
b. Secondary d. None
8. The share of tertiary sector to the GDP has increased but the contribution of which
sector to employment is highest at present------------
a. Primary c. Secondary
b. Tertiary d. None of these
9. Under employed people are found in -------------
a. Agriculture c. Services
b. Industry d. None of these
10. Under the National Rural Employment Guarantee Act 2005, work has been
guaranteed for --------days.
a. 100 c. 300
b. 200 d. 400

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CHAPTER:-3(Money and Credit)

1. Double coincidence of wants is a feature of…………………..

a. Money c. Market
b. Barter system of exchange d. Economy
2. Money acts as an intermediate in the exchange process hence it is called
a……………………..
a. Store of value c. Medium of exchange
b. Standard of measurement d. None
3. The modern currency is accepted as a medium of exchange because the currency is
………………..by the government of the country.
a. Managed c. Controlled
b. Authorised d. Owned
4. In India, who issues the currency notes on behalf of the central government?
a. Reserve Bank of India c. Finance Minister of India
b. State Bank of India d. None
5. A cheque is a paper …………………. the bank to pay a specific amount from the
person’s account to the person in whose name the cheque has been made.
a. Instructing c. Authorising
b. Guaranteeing d. Permitting

6. Credit(loan) refers to an agreement in which the lender supplies the borrower with
money, goods or services in return for the promise of ………………………..
a. Future payment c. No payment
b. Payment made d. Security
7. Collateral is an asset that the borrower owns such as land,building,vehicle, live
stocks and …………………..
a. Money c. Gold
b. Deposits with banks d. Bank
8. Banks and Cooperative sector are included in which sector loan?
a. Formal sector c. Credit sector
b. In-formal sector d. Savings sector
9. Self-Help Groups help the women and rural poor to become …………………. Self-
reliant.
a. Financially c. Agriculturally
b. Industrially d. Occasionally
10. Grameen Bank of Bangladesh is founded by…………………………..
a. Prof.M. Yunis
b. Prof. A. Sen
c. Dr M.M.Singh
d. Ms T.Nasreen

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CHAPTER 4:- (GLOBALISATION AND THE INDIAN ECONOMY)

1. In the concept MNCs, what is N?

a. Notion c. National
b. Name d. Need
2. An MNC is a company that owns or controls production in more than
…………….nation.
a. One c. Three
b. Two d. Four

3. Globalisation means …………….. the domestic economy to the rest of the world.
a. Disintegration c. Inviting
b. Opening up d. Degrading
4. Foreign trade means trade …………………. countries.
a. In c. Of
b. Between d. Relation
5. Globalisation is the process of rapid integration or ……………………………… between
countries.
a. Interconnection c. Inter-location
b. Interdisciplinary d. Intra-location
6. Information and communication technology has been a major factor for the process
of………………….
a. Globalisation c. Growth
b. Generation d. Economy
7. Removing barriers or restrictions set by the government is known as……………………
a. Liberalisation c. Globalisation
b. Privatisation d. None
8. Tax on import is an example of ……………………
a. Growth impediment c. Foreign trade
b. Trade barrier d. None
9. What came into existence in 1991?
a. New Economic policy c. GATT
b. World Trade Organisation d. None
10. World Trade Organisation’s aim is to liberalise …………………………………
a. International Trade c. Trade
b. Domestic Trade d. None
11. SEZs stand for……………………
a. Special Electricity Zones
b. Southern Electricity Zones
c. Special Economic Zones
d. None

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CHAPTER- 5 :-( Consumer Rights)

1. We the common people participate in the market as……………and……………….

a. Producers, Consumers c. Goods, Services
b. Government, Firms d. None
2. …………… and ……………. are required for the protection of the consumers in the
market place.
a. Rules, Regulations c. Law, Price
b. Goods, Services d. None
3. Exploitation in the market place happens in which of the following ways by the
traders?
a. less weight c. Sale of defective goods
b. Adulteration d. All of these
4. Rampant food shortages, hoarding, black marketing, adulteration of food and edible
oil gave birth to…………………
a. Consumer movement c. Consumption
b. Population explosion d. Production
5. In 1985 the United Nations adopted the UN Guidelines for ………………………….
a. Consumer protection c. Consumer movement
b. Consumer awareness d. None
6. Consumer Protection Act (COPRA) was enacted by the Government of India
in………………….
a. 1985 c. 1987
b. 1986 d. 1989
7. National Consumer ………………. Redressal Commission is located in New Delhi.
a. Disputes c. Decision
b. Distress d. District
8. Right to Information Act came into existence in…………………….
a. 2004 c. 2006
b. 2005 d. 2009
9. Right to choose, Right to seek redressal, Right to represent and Right to be informed
are….
a. Consumer rights c. Fundamental duties
b. Fundamental rights d. None of these
10. ISI, ISO, Agmark, Hallmark etc. are ……………….
a. Logos
b. Certification
c. Both a and b
d. Neither a nor b

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