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Chapters
1: Meaning and Definition of Economics
▶ 2: Basic Economic Entities in an Economy
3: Basic Problems of An Economy
4: Types of Economies
2. An Overview of Indian Economy
5: Characteristics of Indian Economy
6: Main Sectors of Indian Economy : Agriculture
7: Main Sectors of Indian Economy : Industry
8: Main Sectors of Indian Economy : Services
9: Other Sectors of Indian Economy
3. Infrastructure of the Indian Economy
10: Economic Infrastructure
11: Social Infrastructure
4. Consumer Awareness
12: Consumer Awareness
5. Globalization
13: Globalisation
![J. P. Goel and Kaushal Goel solutions for इकॉनॉमिक ऐप्लिकेशन [अंग्रेजी] कक्षा ९ आयसीएसई chapter 2 - Basic Economic Entities in an Economy - Shaalaa.com](/images/economic-applications-english-class-9-icse_6:af534602dfa245b6b0f8aa2f73a180ce.jpg "J. P. Goel and Kaushal Goel solutions for इकॉनॉमिक ऐप्लिकेशन [अंग्रेजी] कक्षा ९ आयसीएसई chapter 2 - Basic Economic Entities in an Economy")
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Solutions for Chapter 2: Basic Economic Entities in an Economy
Below listed, you can find solutions for Chapter 2 of CISCE J. P. Goel and Kaushal Goel for इकॉनॉमिक ऐप्लिकेशन [अंग्रेजी] कक्षा ९ आयसीएसई.
J. P. Goel and Kaushal Goel solutions for इकॉनॉमिक ऐप्लिकेशन [अंग्रेजी] कक्षा ९ आयसीएसई 2 Basic Economic Entities in an Economy QUESTIONS [Pages 27 - 29]
MULTIPLE CHOICE QUESTIONS
An economy encompasses ______.
activities related to production only
activities related to consumption only
trade of goods and services only
all economic activities
Dairy comes under which sector of an economy?
Primary
Secondary
Tertiary
Private
Which of the following is/are considered secondary producers?
A farmer cultivating the field.
A gardner looking after his garden.
A weaver weaving the cloth.
A doctor treating the patient.
A ______ is someone who creates and supplies goods or services.
producer
consumer
both producer and consumer
neither producer nor consumer
Baker is a ______ producer.
primary sector
secondary sector
tertiary sector
public sector
Producers are important because:
they produce and supply goods and services in the market.
they create demand for various factors of production in their productive activities.
they produce and supply goods and services in the market and they create demand for various factors of production in their productive activities.
neither they produce and supply goods and services in the market nor they create demand for various factors of production in their productive activities.
Consumers play a vital role in the economy of a nation because:
they are source of demand for all goods/services.
different consumers have different types of demand which will encourage producers to produce various types of goods in the market.
they are source of demand for all goods/services and different consumers have different types of demand which will encourage producers to produce various types of goods in the market.
neither they are source of demand for all goods/services nor different consumers have different types of demand which will encourage producers to produce various types of goods in the market.
______ is a primary producer.
Fisherman
Baker
Weaver
Transporter
ASSERTION - REASONING & MATCHING BASED QUESTIONS Read the following statements: Assertion (A) and Reason (R). Choose one of the correct alternatives:
Assertion (A): Agriculture is a primary sector activity.
Reason (R): Nature plays a vital role in the production of agricultural commodities.
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).
Assertion (A) is true but Reason (R) is false.
Assertion (A) is false but Reason (R) is true.
Assertion (A): Households offer factor services to firms.
Reason (R): Firms supply goods and services.
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).
Assertion (A) is true but Reason (R) is false.
Assertion (A) is false but Reason (R) is true.
Assertion (A): Transport, communications, tourism comes under secondary sector.
Reason (R): Secondary sector does not produce services.
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).
Assertion (A) is true but Reason (R) is false.
Assertion (A) is false but Reason (R) is true.
Identify the correct sequence of alternatives given in Column II by matching them with respective terms in Column I:
| Column I | Column II |
| (a) Primary Sector | (i) Transportation |
| (b) Secondary Sector | (ii) Farming |
| (c) Tertiary Sector | (iii) Supplies Factor Services |
| (d) Household Sector | (iv) Weaving |
Choose the correct alternative:
(a) (ii) (b) (iii), (c) (iv), (d) (i)
(a) (iii), (b) (ii), (c) (i), (d) (iv)
(a) (i) (b) (ii), (c) (iii), (d) (iv)
(a) (ii), (b) (iv), (c) (i), (d) (iii)
From the set of information given in Column A and Column B, choose the correct pair of options:
| Column I | Column II |
| (A) Baker | (i) Primary Producer |
| (B) Doctor | (ii) Tertiary producer |
| (C) Farmer | (iii) Secondary Producer |
| (D) Weaver | (iv) Primary Producer |
Choose the correct alternative:
A - (i)
B - (ii)
C - (iii)
D - (iv)
SHORT ANSWER TYPE QUESTIONS
Define economy.
What do you understand by economic entities?
Who are consumers?
Who are producers?
What is the importance of consumers in an economy?
What is the importance of producers in an economy?
What are the two ways through which firms play an important role in an economy?
Mention two ways by which the government regulates the functioning of a market economy.
LONG ANSWER TYPE QUESTIONS
“Economy is a system of cooperation among producers”. Explain the statement.
“Economy is a system of mutual exchange”. Explain.
Classify the various economic entities of an economy.
Who are consumers?
What is the importance of consumers in an economy?
Who are producers?
What is the importance of producers in an economy?
Describe briefly role of government in an economy.
What do you understand by households?
Describe briefly the role of households in an economy.
Classify the following into primary, secondary and tertiary producers:
- Farmer
- Moneylender
- Basket weaver
- Indian Railways
- Air India
- Miller
J. P. Goel and Kaushal Goel solutions for इकॉनॉमिक ऐप्लिकेशन [अंग्रेजी] कक्षा ९ आयसीएसई 2 Basic Economic Entities in an Economy QUESTION BANK [Pages 29 - 30]
Define economy.
What do you understand by economic entities?
Classify the various economic entities of an economy.
Who are consumers?
Who are producers?
Define the term ‘government’.
What is primary sector?
Give two examples of primary sector activities.
What is secondary sector?
Give two examples of secondary sector activities.
What is ‘tertiary sector’?
Give examples of tertiary sector.
State the classification of consumers.
State the classification of producers.
What is the importance of consumers in an economy?
What is the importance of producers in an economy?
Explain any two direct roles of government.
Discuss any two indirect roles of government.
Solutions for 2: Basic Economic Entities in an Economy
J. P. Goel and Kaushal Goel solutions for इकॉनॉमिक ऐप्लिकेशन [अंग्रेजी] कक्षा ९ आयसीएसई chapter 2 - Basic Economic Entities in an Economy
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