Question

Which of the following is not a function of money ?

A) A measure of value

B) A substitute for cheques

C) A store of value

D) A medium of exchange

Required

6. Which of the following is a primary need?

A) money

B) Transport

C) Land

D) food

7. which of the following is not a factor of production ?

A) food

B) land

C) labour

D) capital

8. In a subsistence economy the main source of production ?

A) Export

B) manufacturing

C) agriculture

D) mining

9. Farmers, fishermen and miners are examples of people who work in

A) Primary production

B) tertiary production

C) commerce

D) secondary production

10. Which of the following is a service to trade

A) farming

B) advertising

C) construction

D) fishing

11. Which of the following is the odd one out?

A) indirect production

B) specialization

C) division of labour

D) direct production

12. Which of the following advertising media will reach the most people ?

A) Television

B) magazines

C) newspaper

D) posters

13. A mixed economy is one which consist of

A) The provision of free social service

B) more than one political party

C) both public and private enterprise

D) no private business

14. Workers of XYZ corporation are always involved in decision making. The management has adopted a/an

A) authoritarian style of management

B) charismatic style of management

C) participative style of management

D) functional style of management

15. Limited liability is an advantage of the

A) proprietorship

B) sole tradership

C) partnership

D) public company

16. Which of the following is not a form of visual communication ?

A) notice

B) maps

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Answer 1

Answer:

5. C store of value

6. D food

7. A food

8. B manufacturing

9. A primary production

10. B advertising

11. B specialization

12. A Television

13. C

14. D

15. A proprietorship

16. B notice