1. Central problems of an economy is/are:____

A) How money should be spent by a particular household?
B) Which goods should be produced and in how much quantity?
C) How goods should be produced by framer?
D) All of above



2. We mainly study the following in Macro-Economics:___

A) External value of money
B) Product pricing
C) National income and output
D) A and C



3. We mainly study the following in Macro-Economics-

A) External value of money
B) Consumer behavior
C) Location industry
D) All A, B, C



4. Freedom of choice is the advantage of __

A) Socialism
B) Capitalism
C) Mixed economy
D) Communism



5. Central problems of an economy is/are:

A) Which goods should be produced and in how much quantity?
B) What technique should be adopted for production?
C) For whom goods should be produced?
D) All of above