Q.1
FILL UP
1. The
main motive of producers is to maximize profits in _____________economy.
(socialist, Capitalist, mixed)
2. Optimum
population indicates _________size of population. (an ideal, lower, excess)
3. Production
activities are mainly classified into ________sectors (one, two, three)
4. Tertiary
sector is also known as ________sector. (agricultural, industrial, service)
5. In
the Labour intensivetechnique
there is more use of machinery than labour.
6. An
economic problem mainly arises due to scarcity
of resources.
7. In
a capitalist economy, means of production are owned, controlled and operated by
private individuals.
8. Goods
and services are produced and supplied by public
sector on the basis of ‘No Profit, No Loss’
9. Inflation
is a global economic concept
in recent times.
10. Inflation
is generally associated with rapidly rising
prices.
11. An
increase in export reduces
the stock of commodities available for home consumption.
12. Inflation
reduces savings and capital
formation.
13. Due
to developmental policies, public
expenditure increases.
14. Public
Distribution System helps to put check on the prices of the essential goods.
15. A
dualpricing structure was
introduced under the Targeted Public Distribution System.
16. A
ration card is essential to
avail food grains through Public Distribution system. (identity, ration, Aadhar)
17. The
families below poverty line have yellow
colour ration card. (yellow, orange,
white)
