Economics Quizzes & Trivia
Are you an economics student and think that you have a lot of information when it comes to economic and social development? Then all you need to do is to take up the quiz below and get to see just how much you know about the...
Questions: 10 | Attempts: 3108 | Last updated: Mar 22, 2022
Sample QuestionThe functions of RBI are?1. Lender of the last resort. 2. Issue of bank notes of all denominations. Choose the correct code:
Economic and social development form a huge part in molding a given country in a way that it can attain its goals that it has set upon development over time. People are at the core of growth so they must work kindly with others....
Questions: 10 | Attempts: 3341 | Last updated: Mar 21, 2022
Sample QuestionWhich of the following is not true of the Regional Rural Banks (RRBs)?
Money runs a lot of things in the economy, and the introduction of money laundering and other unlawful schemes puts a countries economy at risk of losing track of their social and economic development. Do you think that you have...
Questions: 10 | Attempts: 3597 | Last updated: Mar 22, 2022
Sample QuestionIn economy, the Black Money is looked upon as a threat to the economic system of India. Among the following what are the attributes of Black Money?1. Wealth may have been engendered through lawful means but income thereon has not been affirmed nor the taxes due paid to the government. 2. It can be termed as the money generated through unlawful means such as crime, drug trade, terrorism & corruption. Select the correct answer:
Every economic student knows the importance of having a well-structured development program and the different ways in which they can make it successful. Over the past week, we have been able to cover much on social and economic...
Questions: 10 | Attempts: 4469 | Last updated: Mar 21, 2022
Sample QuestionAmong the following, which is not a cause for the recent rapid increase in global food prices?
There are a lot of factors that affect the economic state of a country or entity, and some of the main things that one covers to understand these factors are economical and social development. The quiz below is made up of some...
Questions: 10 | Attempts: 5906 | Last updated: Mar 22, 2022
Sample QuestionThis year is known as 'Year of the Great Divide.' This is with regard to population growth in India. Identify it from the given options.
Are you looking for some revision material for the social and economic development topics? If you said yes then the quiz below is exactly what the doctor prescribed, take it up and get to have an extensive revision on the subject...
Questions: 10 | Attempts: 8968 | Last updated: Mar 21, 2022
Sample QuestionWhich was the 1st bank managed by Indians?
GDP, levels of employment, life expectancy and literacy are indicators that measure socio-economic development. This test is taken up by Countries so that they see how well they are doing as compared to the standards they put for...
Questions: 10 | Attempts: 13003 | Last updated: Mar 22, 2022
Sample QuestionWhy is direct taxation considered a better form of taxation?
Different factors affect the economic status of a country or individual, and one of the most common is the political environment and inflation as a whole. Over the past few weeks, we have covered much about economic and social...
Questions: 10 | Attempts: 29001 | Last updated: Mar 22, 2022
Sample Question"Inflation increases the average level of prices". What does this statement refers to? 1. The price of commodities exceeds income 2. In real terms, the Money supply grows at a higher rate than the Gross Domestic ProductSelect the correct answer
Exams are the most cricual part of our learning phase, expecially when it is for subject like Economics. Some would agree that economics is challenging at best. If you don’t think so, this quiz can change your mind. For...
Questions: 70 | Attempts: 764 | Last updated: Mar 22, 2022
Sample QuestionWhat is Economics?
Questions: 10 | Attempts: 240 | Last updated: Mar 22, 2022
Sample QuestionA primary reason why nations conduct international trade is because:
Questions: 12 | Attempts: 70 | Last updated: Mar 17, 2022
Sample QuestionAfter creating a good budget the typical couple discovers an average of ________ more new found money.
This is a quiz based off of some very standard economic basics
Questions: 76 | Attempts: 217 | Last updated: Mar 19, 2022
Sample QuestionWhat is Economics?
A refresher for the upcoming test for Economics
Questions: 40 | Attempts: 219 | Last updated: Mar 22, 2022
Sample QuestionEconomics is the study of the allocation of free goods.
Welcome to the Edexcel Business Economics Unit 2B Practice Test. In Economics, we believe that we always have limited resources, to service our unlimited wants. In business, this is always the case, and as a result,...
Questions: 49 | Attempts: 84 | Last updated: Mar 21, 2022
Sample QuestionIn 2011 the combined market share of Tesco, ASDA, Sainsbury's and Morrisons supermarkets was 75%. This is best described as:
The quiz below is based on chapter 14 from economics on Taxes and government spending. We know that the major way in which a government obtains revenue from its citizens is through taxation and this being said there are a set of...
Questions: 40 | Attempts: 823 | Last updated: Mar 21, 2023
Sample Question(of persons) freed from or not subject to an obligation or liability (as e.g. taxes) to which others or other things are subject
Questions: 10 | Attempts: 3879 | Last updated: Mar 21, 2022
Sample QuestionNational Income is otherwise called
In Economics, we believe that utility is the amount of satisfaction that a good or service brings. The quiz below tests and advances your knowledge on the different aspects of economics, which include price and utility.
Questions: 39 | Attempts: 132 | Last updated: Mar 18, 2022
Sample QuestionThe difference between the highest price a consumer is willing to pay for a good and the price the consumer actually pays is called
Economics Test for FISH Homeschool Group. Covers: How Economists Think, Division of Labor, Supply & Demand, Price Floors & Ceilings, and Elasticity.
Questions: 15 | Attempts: 232 | Last updated: Mar 21, 2022
Sample QuestionWhat "miracle" is involved in the making of pencils, according to Leonard E. Read?
Questions: 20 | Attempts: 249 | Last updated: Mar 21, 2022
Sample QuestionWho was the president of the United States during the Depression of 1893?
Economics is a study in which we get to identify how unlimited wants can be met when it comes to very limited resources. This means that people have to make choices on directions to take based on the returns they may garner. Take...
Questions: 21 | Attempts: 1310 | Last updated: Mar 22, 2022
Sample QuestionTrade between nations is known as......
You are able to use your notes for a maximum score of a C. Let me know as I go around if you are planning on using notes.
Questions: 29 | Attempts: 430 | Last updated: Mar 21, 2022
Sample QuestionEconomists believe that the fundamental economic problem is that we have limited quantities to meet unlimited wants and that is the reason we have to make choices. This is due to:
Questions: 10 | Attempts: 118 | Last updated: Mar 22, 2022
Sample QuestionWhat type of question is a pragmatic randomized controlled clinical trial intended to answer?
Questions: 25 | Attempts: 556 | Last updated: Mar 22, 2022
Sample QuestionChoice is an important element in the basic economic problem because
Questions: 48 | Attempts: 191 | Last updated: Mar 21, 2022
Sample QuestionWhen diseconomies of scale occur?
Questions: 35 | Attempts: 1591 | Last updated: Mar 22, 2022
Sample QuestionWhich of these situations describes scarcity?