Welcome to Building Blocks in Economics MCQs Class 9
Here are Multiple Choice Questions with correct answers from Chapter 8 Building Blocks in Economics Class 9 Social Science New Session 2026-27 NCERT
1. What is considered the central fundamental problem of economics?
2. What is an "opportunity cost"?
3. In which economic system are all major decisions made primarily by a central authority?
4. What are the three central questions every economy must answer?
5. Which of the following is a primary characteristic of a market economy?
6. Modern economies, including India, typically operate as which type of economic system?
7. What is the fundamental economic problem of scarcity?
8. Ramesh had to choose between attending a vocational training course or working at a farm. He chose the farm. What does the vocational course he gave up represent?
9.The problem of "What to produce" refers to deciding:
10. The central problem of "For whom to produce" is primarily concerned with:
11.Which of the following is a primary characteristic of a market economy?
12.In a centrally planned economy, who makes all the major decisions regarding what, how, and for whom to produce?
13. Which of the following best describes a mixed economy?
14. Which of the following is NOT one of the three central problems of an economy?
15. In a certain country, the government decides to build public schools, railways, and hospitals, while private companies are free to produce and sell cars and electronics. What type of economy is this?
