Class 6 – Basic Economics

Chapter 1: Needs, Goods and Services – MCQs

1. What are needs?

A. Things we want for fun
B. Things necessary for life
C. Luxury items
D. Expensive items

2. Which of the following is a basic need?

A. Mobile phone
B. Television
C. Food
D. Car

3. Goods are things that we can:

A. Hear
B. Touch and see
C. Feel only
D. Imagine

4. Which of the following is a good?

A. Teaching
B. Doctor’s service
C. Book
D. Driving a bus

5. Services are:

A. Things we can touch
B. Natural resources
C. Actions done to help others
D. Only goods

6. Which of the following is a service?

A. Chair
B. Shirt
C. Teaching
D. Rice

7. Education is a:

A. Good
B. Service
C. Luxury
D. Want

8. Which one is NOT a basic need?

A. Shelter
B. Clothing
C. Food
D. Video game

Answers:
1. B
2. C
3. B
4. C
5. C
6. C
7. B
8. D