Goods and Services — Important Questions
NIOS · Class 10 · Economics
54 important questions from Goods and Services for NIOS Class 10 Economics, with answers. Includes multiple choice and multiple correct questions.
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Important Questions from Goods and Services
Which item is an example of a producer good?
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Machinery
Machinery helps produce other goods, so it is a producer good.
Which item is classified as a free good in the chapter examples?
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Sand in a desert
Sand in a desert is given as an example of a free good because it is available in abundance there.
Which item is classified as an economic good in the chapter examples?
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Water
Water is treated as an economic good when demand is greater than supply and it commands a price.
Which item is a consumer service?
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Tailor stitching your shirt
A tailor stitching a shirt for a household is directly used by a consumer, so it is a consumer service.
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Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
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