Multiple Choice Questions
14. Which of the following is an assumption of Production Possibility Frontier? (CBSE Sample Question Paper 2016
(a) Resources are not fully employed.
(b) Resources are not equally efficient for production of the two goods,
(c) Resources are not efficiently employed.
(d) Resources available are not fixed.
15 Assume that a PPF for butter and guns is drawn so that it is a straight line. It means:
(a) less and less units of butter are sacrificed to gain an additional unit of gun.
(b) More and more units of butter are sacrificed to gain an additional unit of gun.
(c) Same units of butter are sacrificed to gain an additional unit of gun.
(d) None of these
16. Atif is working at a salary of 35000 per month. He receives two job offers: ( To work as an accountant at a salar
30,000 per month; (ii) To work as a sales manager at a salary of 25000 per month. In the given caseh
opportunity cost will be:
(a) 25000
(b) 30000
(0) 35000
(d) *65000
17. An economy operates on PPF when there is:
(a) Optimum utilisation of resources
(b) Inefficient use of resources
(C) Underemployment of resources
(d) None of these
18. Which of the following will not lead to shift in PPF?
(a) Upgradation of technology
(b) Exploration of new oil reserves
(c) Massive unemployment
(d) Destruction of resources
19. Which of the following illustrates a decrease in the unemployment using the PPC?
(a) A movement down along the PPC
(b) A rightward shift of the PPC
(C) A movement from a point on the PPC to a point inside the PPC
(d) A movement from a point inside the PPC to a point towards the PPC
20. Which of these statements is true about production possibilities curve?
(a) It shows various combinations of two goods which yield same level of satisfaction.
(b) It shows various combinations of two goods which an economy can produce with a given amount of resources
and technology
(c) It shows various combinations of two goods which an economy can produce with a given budget.
(d) It shows various combinations of two goods which an economy can produce with a given time.
21. Which of the following is an example of a Positive Economics?
(a) India should take steps to control rising prices.
(b) There are inequalities of income in our economy.
(C) India should not be an overpopulated country.
(d) Income inequalities should be reduced.
22. Which of the following is a statement of normative nature in economics? (CBSE Sample Question Paper 2010)
(a) Economics is study of choices/alternatives.
(b) Government should be concerned with how to reduce unemployment.
(C) According to an estimate, in spite of severe shortage, more than 10% of the houses in Indian cities are lying vacan
(d) Accommodation of Refugees is posing a big problem for the Europe.
Answers
Answer:
For decades, Sri Lanka’s health system has been known globally as one of the best performing in the world, having achieved ‘good health at low cost’. Life expectancy at birth, which stood at 75 years as of 2016, was higher than the South Asian average of 69 years. In terms of maternal and child health (MCH) indicators, Sri Lanka’s neonatal, infant, and under-five mortality rates in 2018 were 6.5, 9.1, and 10.6 per 1,000 live births (LB), respectively, and the maternal mortality ratio was 39.3 per 100,000 LB in 2017. Nonetheless, issues remain. Undernutrition is one such unfinished agenda that has not improved over the last decade. Stunting rate, which reflects chronic undernutrition in early life, remained unchanged at 17.3 percent between 2006 and 2016, neither did the rate of wasting change significantly. Particularly, the current wasting rate of 15.1 percent among children under five is considered ‘very high’ in the World Health Organization (WHO) benchmark. Undernutrition is the single
Explanation:
Answer:
14)Which of the following is an assumption of Production Possibility Frontier? (b) Resources are not equally efficient for production of the two goods.
15)Assume that a PPF for butter and guns is drawn so that it is a straight line. It means: (c) Same units of butter are sacrificed to gain an additional unit of gun.
16)Atif is working at a salary of 35000 per month. He receives two job offers: ( To work as an accountant at a salar
30,000 per month; (ii) To work as a sales manager at a salary of 25000 per month. In the given caseh
opportunity cost will be: (a) 25000
17)An economy operates on PPF when there is: (a) Optimum utilisation of resources
18)Which of the following will not lead to shift in PPF? (c) Massive unemployment
19)Which of the following illustrates a decrease in the unemployment using the PPC? (d) A movement from a point inside the PPC to a point towards the PPC.
20)Which of these statements is true about production possibilities curve? (b) It shows various combinations of two goods which an economy can produce with a given amount of resources and technology.
21)Which of the following is an example of a Positive Economics? (b) There are inequalities of income in our economy.
22)Which of the following is a statement of normative nature in economics? (b) Government should be concerned with how to reduce unemployment.
Explanation:
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