Directions How to Answer

Aptitude Test Topic: Economics

This section is comprised of MCQs on Economics.

Directions

The following are questions on Economics. Select the correct option to represent your answer.

To give the answer click/tap the option alphabet for your answer choice. for correct answer green check and for wrong answer a red cross will appear along with a button to show explanation with or without video of the question answer.

Economics: All Topics Practice MCQ

Question Statement:

Economic problem arises because of–

Scarcity of means

Multiplicity of resources

Scarcity of wants

Over Population

Explanation:

Correct Answer: A

Sol.Economic problem arises due to two reasons - (i) The scarcity of means or resources having alternative uses (ii) Unlimited human wants.

Question: 3 Test: 1 of 5 Next Test

Tests

You are taking Aptitude Test No. 1

Each aptitude test is comprised of 10 except the last test which might have fewer than 10 in some topics.

You are at question (MCQ) number 3 and Test Number 1 of Economics: All topics. To deal with Economics questions, you must take lesson on the subject. In case of science and Art subjects revise your text books and in case of general aptitude topics take lessons from the topic page.

The question: Economic problem arises because of– .... with options: Scarcity of means, Multiplicity of resources, Scarcity of wants, Over Population can be solved with the concepts and understanding of Economics.