Business and Economy Quiz
 

Business and Economy Quiz

The Business and Economy Quiz category is aimed at younger students who are new to economics. It offers quizzes on the Indian economy with correct answers which makes it a great learning platform. During practice quizzes, kids learn about the latest happening in the Indian Economy.

The Quizopedia provides Indian Business Quizzes in simple language so the parents can use it as a basic platform to strengthen economical general knowledge of their children

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1) What benefits does a consumer have from subsidies?

2) Ram has a business of making men's slippers. This year, to promote his production, the government provided him some amount of money for the raw material. The type of subsidy where the government compensates for some of their expense is called _______________.

3) Providing education loans at a lesser rates to students is an example of ________.

4) Reduction in tax of an individual or a company is also a type of __________.

5) What is a subsidy?

6) Which of the following is an advantage of subsidy?

7) Government announced the price of wheat at rupees 25/kg and purchased all the produce of wheat at the same price. The subsidy at which government supports farmers by buying their entire produce , so that farmers get the minimum amount for their produce is called _________.

8) Subsidies have the opposite effect of taxes on the production of goods and services.

9) Shalu decides to live on rent in Delhi because of her job. The flat she has chosen has reduced rates of rent as compared to other areas. This kind of subsidy where the recipient receives a non-cash benefit is called ___________.

10) Meena's water bill amounts to rupees 1500 every month. But since the beginning of the year 2021, her water bill comes at a subsidised rate of rupees 750. The type of subsidy where the government reduces the amount of food, water/electricity bills, education and healthcare is called ________.

11) What is Export Subsidy?

12) Mohan took a loan from bank for his house. The bank charged him no interest as the government was issuing interest-free loans. A subsidy like this where the recipient has received a cash benefit is a ________.

13) A cash/non-cash benefit that a recipient receives indirectly is called a/an __________.

14) Which of the following is a disadvantage of subsidy?

15) Reducing the prices of goods and services in the market would benefit _______.

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