Class 9 Social Science Chapter 8: Building Blocks in Economics: The Problem of Choice — practice questions with answers
Free practice for Class 9 Social Science, Chapter 8: Building Blocks in Economics: The Problem of Choice. Try the solved questions below, then take a free test with instant marking and explanations.
53 questions25 easy, 18 medium, 10 hardNCERT · CBSE · State boards
Sample questions with solutions
Q1. Spending pocket money on snacks or saving it for shoes is an example of ______.
- an economic choice
- a political decision
- a historical event
- a geographical feature
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Answer: A. an economic choice
Why: Individuals, enterprises and governments all make choices. [p.183]
Why: Individuals, enterprises and governments all make choices. [p.183]
Q2. What is the basic economic problem?
- Unlimited wants but limited resources, so choices must be made
- Too many resources and too few wants
- No wants at all
- Unlimited resources
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Answer: A. Unlimited wants but limited resources, so choices must be made
Why: This creates scarcity. [p.184, p.188]
Why: This creates scarcity. [p.184, p.188]
Q3. Which of these is a need rather than a want?
- Drinking water
- A video game
- Designer sunglasses
- A second phone
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Answer: A. Drinking water
Why: Needs are essential for survival. [p.183–184]
Why: Needs are essential for survival. [p.183–184]
Q4. In economics, which of these are factors of production? (Tick all that apply)
- Land
- Labour
- Capital
- Advertising
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Answer: A. Land; B. Labour; C. Capital
Why: Technology is the fourth. [p.184, p.190]
Why: Technology is the fourth. [p.184, p.190]
Q5. What is opportunity cost?
- The value of the next best alternative given up when making a choice
- The price of a good
- The profit of a firm
- The tax on a good
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Answer: A. The value of the next best alternative given up when making a choice
Why: e.g. wheat given up to grow barley. [p.185]
Why: e.g. wheat given up to grow barley. [p.185]
Q6. A student has ₹100 and chooses a notebook instead of saving for a tennis racket. Which concept explains this?
- Opportunity cost
- Inflation
- Demand
- Production
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Answer: A. Opportunity cost
Why: The racket savings are given up. [p.194]
Why: The racket savings are given up. [p.194]
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How many practice questions are there for Class 9 Social Science Chapter 8: Building Blocks in Economics: The Problem of Choice?
53 questions (25 easy, 18 medium, 10 hard). A few are solved on this page; the free test shows the answer and explanation for every question after you submit.
Is this chapter from the NCERT book?
Yes — it follows the NCERT Class 9 Social Science syllabus, used by CBSE and many state boards.