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Chapter 2 of 13
Practice Quiz

Basic Economic Entities in an Economy

ICSE · Class 9 · Economics

Practice quiz for Basic Economic Entities in an Economy — ICSE Class 9 Economics. MCQs and questions with answers to test your preparation.

55 questions28 flashcards5 concepts

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Quick Quiz: Basic Economic Entities in an Economy

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1

What is an economy?

2

On the basis of economic activities, an economy is broadly classified into how many main sectors?

3

What are goods produced by the primary sector called?

4

What are goods produced by the secondary sector called?

55 Questions·
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Sample Questions

1multiple correct
1 marks

Which are the two main functions of an economy?

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To produce goods and services, To provide employment or income earning opportunities

An economy mainly produces goods and services and also provides employment or income earning opportunities to people.

2multiple correct
1 marks

Which activities belong to the primary sector?

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Agriculture, Fishing

Primary sector activities are based directly on natural resources, such as agriculture and fishing.

3multiple correct
1 marks

Which of the following are secondary sector activities?

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Manufacturing industries, Construction, Utilities

The secondary sector includes manufacturing industries, construction, and utilities.

4multiple choice
1 marks

Which sector is also called the service sector?

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Tertiary sector

The tertiary sector provides services rather than goods, so it is called the service sector.

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Frequently Asked Questions

What are the important topics in Basic Economic Entities in an Economy for ICSE Class 9 Economics?
Basic Economic Entities in an Economy covers several key topics that are frequently asked in ICSE Class 9 board exams. Focus on the core concepts listed on this page and practise related questions to build confidence.
How to score full marks in Basic Economic Entities in an Economy — ICSE Class 9 Economics?
Understand the core concepts first, then work through the 55 practice questions available for this chapter. Revise formulas and definitions regularly, and use flashcards for quick recall before the exam.

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