PES SS 1 Economics 3rd Term Exam 2024/2025
  • 1. __can be defined as the total number of persons available to supply the labour for the production of economic goods
A) Labour force
B) Labour market
C) Efficiency of labour
  • 2. -----is defined as the market in which buyers and sellers of labour are in close contact during which conditions of service are determined and agreed upon
A) Labour force
B) Labour drive
C) Labour market
D) Consumer market
  • 3. Members of the labour force are normally between the age bracket of
A) 18 to 60 years
B) 18 to 75 years
C) 18 to 65 years
D) 16 to old age
  • 4. The following are not members of the labour force except
A) People unwilling to work
B) Children of school age
C) People between 18 to 65
D) The elderly
  • 5. The ability of labour to increase output without increasing the quantity of labour is
A) Efficiency of labour
B) Inefficiency of labour
C) Mobility of labour
D) Labour market
  • 6. There are ----- types of labour
A) Two
B) Five
C) Three
D) Eight
  • 7. ------ is a way in which labour can be improved
A) Inadequate management
B) Language barriers
C) Efficient management
D) Influence of government
  • 8. A factor affecting geographical mobility of labour is
A) Discrimination
B) Weather conditions
C) Efficient management
D) Personal reasons
  • 9. The most populated continent in the world is
A) Africa
B) Antarctica
C) Australia
D) Asia
  • 10. The head count of all nationals of a country at a particular time is
A) None of the above
B) Population count
C) Population
D) Population sensor
  • 11. Types of population census include
A) De facto and De jure
B) De mure and De facto
C) De count and De facto
D) De facto and De more
  • 12. The type of population census which involves the counting of only those who are present physically during census is
A) De facto
B) De size
C) De jure
D) De more
  • 13. Anything that is generally acceptable as a means of payment for goods and services and for settlement of debt is
A) Payment
B) Trade by barter
C) Coins
D) Money
  • 14. ------ is a function of money
A) Durability
B) Medium of exchange
C) Portability
D) Acceptability
  • 15. The following are types of money except
A) goods
B) Coins
C) Bank note
D) Legal tender
  • 16. Money has solved the problem of ---------
A) Denomination
B) Double coincidence of wants
C) Deferred payment
D) Trade by barter
  • 17. There are ------- main types of inflation
A) Four
B) Three
C) Six
D) Eight
  • 18. ------ is a cause of deflation
A) Increased demand
B) Budget surplus
C) War
D) Increase in salaries and wages
  • 19. One of the general effects of deflation is
A) Discouraged exports
B) Creditors gain
C) Employment
D) Encouraged import
  • 20. One of the ways of controlling deflation is
A) Reduces production
B) Reduction in taxation
C) Economic stagnation
D) Lower investment
  • 21. What is population?
A) The number of people migrating to a given area
B) The number of births in a given area
C) The total number of people living in a given area
D) The number of deaths in a given area
  • 22. What is population growth rate
A) The rate at which population fluctuates
B) The rate at which population remains stable
C) The rate at which population decreases
D) The rate at which population increases
  • 23. What factors influence population growth?
A) Only economic factors
B) Only migration
C) Birth rate, death rate, and migration
D) Only birth rate
  • 24. What is overpopulation?
A) When the population exceeds the carrying capacity of the environment
B) When the population is too small
C) When the population is decreasing
D) When the population is optimal
  • 25. What is population density?
A) The rate of population decline
B) The number of people per unit area
C) The rate of population growth
D) The total number of people in a given area
  • 26. What is urbanization?
A) The movement of people from urban to rural areas
B) The growth of rural populations
C) The decline of urban populations
D) The movement of people from rural to urban areas
  • 27. What are the benefits of urbanization?
A) Increased poverty and inequality
B) Decreased economic growth
C) Increased access to education, healthcare, and job opportunities
  • 28. What is the impact of population growth on the environment?
A) Variable impact
B) Negative impact
C) Positive impact
D) No impact
  • 29. What is the relationship between population growth and economic development?
A) Positive relationship
B) No relationship
C) Negative relationship
D) Complex relationship
  • 30. What is the purpose of population census?
A) To count the number of people in a given area
B) To collect data on population characteristics
C) All of the above
D) To plan and allocate resources
  • 31. What is industry?
A) The production of goods and services
B) The distribution of goods and services
C) The consumption of goods and services
D) The export of goods and services
  • 32. What is industrialization?
A) The process of declining industries in a country or region
B) The process of developing industries in a country or region
C) The process of stagnant industries in a country or region
D) The process of importing goods and services
  • 33. What are the benefits of industrialization?
A) No impact on economic growth, job creation or standard of living
B) Increased economic growth, job creation, and improved standard of living
C) Increased poverty and inequality
  • 34. What are the types of industries?
A) Only primary
B) Only tertiary
C) Only secondary
D) Primary, secondary and tertiary
  • 35. What is primary industry?
A) The processing of raw materials
B) The consumption of finished goods
C) The production of raw materials
D) The distribution of finished goods
  • 36. What is secondary industry?
A) The distribution of finished goods
B) The production of raw materials
C) The processing of raw materials into finished goods
D) The consumption of finished goods
  • 37. What is tertiary industry?
A) The processing of raw materials into finished goods
B) The provision of services
C) The consumption of finished goods
D) The production of raw materials
  • 38. What is the role of technology in industry?
A) To reduce productivity and efficiency
B) To increase productivity and efficiency
C) To increase costs and reduce competitiveness
D) To have no impact on productivity and efficiency
  • 39. What are the challenges faced by industries in developing countries?
A) Strong institutional framework
B) Abundance of infrastructure, skilled labor and access to markets
C) Lack of infrastructure, skilled labor, and access to markets
  • 40. What is the role of government in promoting industrialization?
A) To provide infrastructure, incentives, and institutional support
B) To restrict industrial development
C) To solely rely on market forces
D) To ignore industrial development
Students who took this test also took :

Created with That Quiz — where a math practice test is always one click away.