CBSE Questions for Class 9 Elements Of Business Fundamentals Of Business Activities Quiz 6 - MCQExams.com

Employees relate to which of the following?
  • Work all day all night
  • Do not work
  • Work hard
  • Work smart
Blue-collar workers are ________.
  • working on machines and engaged in loading, unloading
  • clerical employees
  • executive employees
  • contract employees
Which of the following can be classified as "internal forces"?
  • Economic forces
  • Changes in employee attitudes, feelings and aspirations
  • Political forces
  • All of above
White-collar workers are _________.
  • Working on machines and engaged in loading, unloading
  • Clerical employees
  • Mining labourers
  • None of the above
Which of the following has basically centered on studying the behavioural pattern of members and group in an organisation? 
  • Empirical Approach
  • Group Behaviour Approach
  • Interpersonal Behaviour Approach
  • Decision Theory Approach
Which of the following is not a part of the opportunity cost of going on holiday?
  • The money you spent on a theatre show.
  • The money you could have made if you had stayed at home and worked.
  • The money you spent on airline tickets.
  • The money you spent on food.
In Economics, Production refers to any economic activity ________________.
  • Which results in creation of a product or service.
  • Which is directed at the satisfaction of human wants
  • Both (a) and (b)
  • Neither (a) nor (b)
 In Economics, ................. refers to any economic activity, which is directed towards the satisfaction of human wants.
  • production
  • labour
  • profit
  • economics
In Economics, Production refers _________________.
  • Creation of utility
  • Satisfaction of utility
  • Both (a) and (b)
  • Neither (a) nor (b)
Economics as a __________ science only explains "what is".
  • positive
  • normative
  • both (a) and (b)
  • neither (a) nor (b)
Which of the following is not an economic activity?
  • A Son looking after his ailing mother
  • A Chartered Accountable doing his own practice
  • A Soldier serving at the border
  • A Farmer growing Millets
In deciding "How to produce", the economy should consider.
  • Labour Intensive Techniques
  • Capital Intensive Techniques
  • Both (a) and (b)
  • Neither (a) nor (b)
Economics is a _______ science that explains "what ought to be".
  • positive
  • normative
  • both (a) and (b)
  • neither (a) nor (b)
At the equilibrium point on indifference curve which of the following equation is satisfied ? 
  • $$ MRSxy=\frac { MUx }{ MUy } =\frac { Px }{ Py } $$
  • $$ \frac { MUx }{ Px } =\frac { MUy }{ Py } $$
  • Both (a) and (b)
  • Neither (a) nor (b)
Custom Duties are levied on ______________.
  • Exports and imports
  • Manufacture of excisable goods/commodities
  • Services rendered
  • Sale made by a dealer in the course of inter-state or intra-state or commerce
Convertibility of rupee means _________.
  • determination its own exchange rate in international market
  • conversion of rupee into any foreign currency
  • transfer of funds in international market
  • none of these
The Incentive / Reward in respect of Capital is called ____________.
  • Rent
  • Wages
  • Interest
  • Profit
In the pre-reforms period (i.e. before 1991), banking scene was dominated by the __________ sector.
  • private
  • public
  • both (a) and (b)
  • neither (a) nor (b)
 Production is a / an _____________ activity.
  • Charitable
  • Beneficial
  • Economic
  • Successful
Which of the following is an objective of VAT?
  • To avoid double taxation effect or cascading effect
  • To promote cost-efficiency, by permitting credit on inputs
  • To ensure equitable distribution of tax impact amongst Dealers
  • All of the above
Ram : My corn harvest this year is poor.
Krishna : Don't worry. Price increases will compensate for the fall in quantity supplied.
Vinod : Climate affects crop yields. Some years are bad, others are good.
Madhur : The Government ought to guarantee that our income will not fall.
In the conversation the normative statement is made by ______________.
  • Ram
  • Krishna
  • Vinod
  • Madhur
Which of the following is/are an outcome of a technological change?
  • A downward shift in the production function
  • Same output with fewer inputs or more output with same inputs
  • Invention of a product or production process
  • Both (b) and (c) above
As per Indifference Curve Analysis, to maximise his satisfaction, a Consumer will try to _____
  • Remain in the same IC
  • Reduce to lower IC
  • Reach the highest possible IC
  • Reach the Origin point
In the pre-reforms period (i.e. before 1991), restrictions on import consisted of:
  • Import licenses
  • Quantitative restrictions
  • Quota system
  • All of the above
As part of Economic Reforms in 1991, Financial Sector Reforms relates to :
  • Banking Sector
  • Capital Market Sector
  • Insurance Sector
  • All of the above
All of the following developments were noticed during 1991 (when economic reforms were enforced) except one. Identify it.
  • National Debt was nearly 60% of the GNP of India
  • Inflation crossed double digits
  • Foreign Reserves were maintained at a very high level
  • None of the above
Which of the following involve a trade-off?
  • Taking a nap.
  • All of these answers involve trade-offs.
  • Watching a football game on Saturday afternoon.
  • Going to university.
In the pre-reforms period (i.e. before 1991), Export Subsidy Schemes were characterised by:
  • High transaction costs
  • Delays
  • Corruption
  • All of the above
As a result of the New Industrial Policy, 1991 -
  • Prior approval of Central Government is required for establishing new undertakings, and expanding the present undertakings
  • An industry intending to have more than Rs 100 Crore of assets is required to obtain the permission of the Central Government
  • Prior approval of Central Government for establishing new undertakings and expanding existing undertaking is not required
  • Two or more Companies deciding to amalgamate are required to take the prior approval of the Central Government
New Economic Reforms in India were introduced in ___________.
  • 1999
  • 1991
  • 2001
  • 2003
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