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DOWNLOAD MOBILE APPLICATION TO LEARN MORE: NTSE ECONOMICS MCQ
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Basic Terms
Chapter 1
• Capital: Includes tools and machines used during production.
• Consumption: Act-Peadug depreciation in value of a commodity.
• Labour: Includes physical as well as mental work done for money.
• Land: Includes all raw materials used in production.
• Production: The process that increases the value of goods.
• Public Finance: Branch of economics dealing with taxation and public expenditure.
• Value: That attribute of a commodity by virtue of which it is demanded at some price.
• Production is the process of value addition.
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Consumption leads to a depreciation in value. Goods are said to have value only if they are in demand and people are willing to pay a price for them.
• Production is the combined effort of land (which includes besides natural resources all goods that form the raw material in any production process), labour (physical as well as mental) and capital (tools and machines, etc.). The goods produced are exchanged with money. The total earnings are then distributed over different factors of production. Land gets rent, labour gets wages, and capital gets interest.
• Besides consumption, production, exchange and distribution, public finance is also a part of economic studies.
• Factor of production: Land, labour, capital and entrepreneurship are known as factors of production.
• Multiple cropping: Growing more than one crop on a piece of land during the year is known as multiple cropping.
• Capital: The amount of money or assets that are invested in some business is known as capital.
• Working capital: Raw material and money in hand are called working capital.
• Fixed capital: Those assets which can be used in production over many years, are known fixed capital.
• HYVS: High Yielding Varieties of seeds.
• Dalits: People belonging to lower castes are known as ‘Dalits’.
• Green Revolution: It is associated with the loss of soil fertility due to increase in use of chemical fertilizers.
• Non-farm Activities: Activities not concerning with farming are called non-farm activities.
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Table of Contents
NTSE ECONOMICS MCQ
1. In villages across India, what is the main production activity?
(a) Fishing
(b) Farming
(c) Manufacturing
(d) Repairing
Ans. (b)
2. What is the aim of production?
(a) To produce the goods and services that we want
(b) To ensure that something is being made
(c) To repair the damaged goods
(d) None of them
Ans. (a)
3. What do you mean by capital?
(a) Variety of inputs used at every stage of production
(b) Building and amusement parks
(c) The profits earned by a firm
(d) All of them
Ans. (a)
4. What do you mean by Multiple Cropping?
(a) To grow more than one crop on a piece of land during the year
(b) To grow only one crop on a piece of land during a year
(c) To grow flowers and crops together
(d) None of them
Ans. (a)
5. What does Modern Farming involve?
(a) HYY Seeds
(b) Fertilizers and Pesticides
(c) Irrigation
(d) All of them
Ans. (d)
5. Which of the following are the means of irrigation?
(a) Canals
(b) Pump sets
(c) Dams
(d) All of them
Ans. (d)
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6. HYVs crop lack an important plant ………. Mechanism against predatory animals or fungi
(a) Irrigation
(b) Growth
(c) Defense
(d) None of them
Ans. (c)
7. Before the invention of man-made fertilizers, what was used as fertilizer?
(a) Cow dung
(b) Natural fertilizers
(c) Both ‘I’ and ‘2’
(d) None of them
Ans. (c)
8. What did green revolution do?
(a) Made everything green
(b) Increased greenery in our country
(c) Introduced Indian farmer to cultivation of wheat and rice using HYV’s
(d) Both (1) and (2)
Ans. (c)
9. What is/are the need(s) of HYV’s?
(a) Plenty of water
(b) Chemical fertilizers
(c) Pesticides
(d) All of them
Ans. (d)
10. Which state’s framers were the first to try out modern farming?
(a) Punjab
(b) Haryana
(c) Western UP
(d) All of them
Ans. (d)
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11. What caused loss of soil fertility due to increased use of chemical fertilizers?
(a) Green revolution
(b) White revolution
(c) Black revolution
(d) Red revolution
Ans. (a)
12. What has reduced the water table below the ground?
(a) Continuous use of groundwater for tube well irrigation
(b) Increase in rainfall
(c) Water parks and amusement parks
(d) None of them
Ans. (a)
13. What are environment resources?
(a) Soil fertility
(b) Groundwater
(c) Both ‘1’ and ‘2′
(d) None of them
Ans. (c)
14.
| Column – I | Column – II |
| (A) Human Capital | (p) Raw materials and money |
| (B) Physical Capital | (q) Tools, machines, buildings |
| (C) Fixed Capital | (r) Manpower money |
| (D) Working Capital | (s) Tools, machines, building, raw materials and money |
(a) A
(b) A
(c) A
(d) A
Ans. (a)
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15.
| Column – I | Column – II |
| (A) Jowar and Bajra | (p) October and November |
| (B) Potato | (q) Winter season |
| (C) Sugarcane | (r) Rainy season |
| (D) Wheat | (s) Once every year |
(a) A
(b) A
(c) A
(d) A
Ans. (c)
16. Consider the following statements:
(i) Labour includes people who instruct the workers
(ii) Human capital includes manpower to understand the requirement of land, labour and capital.
(iii) Physical capital includes money which is invested in production.
(iv) Land is the first and most important factor of production.
Which of the above statements are correct?
(a) (i), (ii) and (iii)
(b) (ii) and (iv)
(c) (ii) and (iii)
(d) (i), (ii) and (iv)
Ans. (b)
17. Consider the following statements:
(i) The standard unit of measuring land is hectare.
(ii) Jowar and Bajar are used as cattle feed.
(iii) Sugarcane is the raw from of jiggery
(iv) Deccan plateau have high level of irrigation.
Which of the above statements are correct?
(a) (i), (iii) and (iv)
(b) (i), (ii) and (iii)
(c) (ii) and (iv)
(d) (i) and (iii)
Ans. (b)
Passage 1
Palampur is well connected with neighbouring Villages and towns. Raiganj is 3 kms. from Palampur. It has about 450 families belonging to different castes. The dalits comprise one third of the population. Agriculture is the main occupation of the people of the Palampur and 75% are engaged on it for their livelihood. 150 out of 450 families are landless in Palampur Village. Traders of this Village are shopkeepers who sell things after barging from whole sellers. In Palampur, farmers grow more than one crop on a piece of land.
18. How many families live in Palampur village?
(a) 150
(b) 250
(c) 450
(d) 300
Ans. (c)
19. How many families are landless in the village?
(a) 150
(b) 25
(c) 250
(d) 450
Ans. (a)
20. What is the common method of agriculture in Palampur?
(a) Strip farming
(b) Multiple cropping
(c) Modern methods of farming
(d) Shifting cultivation
Ans. (b)
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21. What is the proportion of dalits who live in the village?
(a) 1/3
(b) 1/2
(c) 1/4
(d) Total population
Ans. (a)
22. Assertion: The continuous use of Chemical fertilizer leads to degradation of soil.
Reason: Chemical fertilizers kill bacteria and micro-organ isms in the soil.
(a) Both A and R are individually true and R is the correct explanation of A.
(b) Both A and R are individually true but R is not the correct explanation of A.
(c) A is true but R is false.
(d) A is false but R is true.
Ans. (a)
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23. Assertion: HYV seeds, chemical fertilizers and irrigation are the methods modern farming.
Reason: Traditional farming methods were time consum ing and give low production.
(a) Both A and R are individually true and R is the correct explanation of A.
(b) Both A and R are individually true but R is not the correct explanation of A.
(c) A is true but R is false.
(d) A is false but R is true.
Ans. (a)
24. What is the correct definition of chemical fertilizers?
(a) It provides minerals which dissolve in water easily and immediately available to plants.
(b) It is a traditional method of farming.
(c) It is used in Aluminum smelting Industries
(d) It is another name of HYVS.
Ans. (a)
25. What is the correct definition of farm labourers?
(a) People who are landless and work on somebody else’s fields.
(b) Tubse People who cultivation their own fields.
(c) People who get minimum wages set by the government.
(d) People who are less in number and use modern techniques of farming.
Ans. (a)
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26. On the basis of following features identify the correct option.
(i) It is a revolution introduced in the late 1960s.
(ii) It adopted the modern methods of agriculture to increase high production.
(iii) It introduced the Indian farmers to use high yielding seeds.
(iv) Punjab, Haryana and western Uttarpradesh were the states who produced high yields of wheat.
(a) White Revolution
(b) Industrial Revolution
(c) Green Revolution
(d) Blue Revolution
Ans. (c)
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