Standard economics 1 mark test give me
Hey there,
Sure. Here is a Standard Economics 1-Mark Test suitable for Class 10 level.
Economics – 1 Mark Test
Total Marks: 20
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What is meant by development?
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What is the per capita income of a country?
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Name one non-renewable resource.
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What is the full form of HDI?
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Which organisation publishes the Human Development Report?
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What is disguised unemployment?
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Give one example of the tertiary sector.
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What is meant by GDP?
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Name one formal source of credit.
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What is the full form of SHG?
What is collateral?
Name one modern form of money.
What is meant by globalisation?
Name one multinational corporation (MNC).
What is liberalisation?
What is consumer exploitation?
What is the full form of ISI?
Which sector is also called the service sector?
Give one example of a public sector organisation.
What is meant by sustainable development?
Answer Key
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Improvement in people's quality of life and well-being.
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Average income per person.
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Coal/Petroleum/Natural gas.
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Human Development Index.
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UNDP.
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A situation where more people work than actually required.
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Banking/transport/education/healthcare.
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Gross Domestic Product.
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Banks/credit unions/cooperatives.
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Self-Help Group.
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An asset used as security for a loan.
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Currency/Bank deposits.
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Greater integration of economies through trade, investment and technology.
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Coca-Cola/Apple/Toyota etc.
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Removal/reduction of restrictions on economic activities.
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Being treated unfairly as a consumer.
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Indian Standards Institution.
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Tertiary sector.
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Indian Railways/LIC etc.
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Development that meets present needs without compromising future generations.
Thanks
Nischal
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