NMMS SAT Production 7th Term 2 Question and answer English medium
NMMS SAT Production 7th Term 2 Question and answer English medium 📘 MCQs – Production and Types of Utility Which are the two main activities in an economy? a) Saving and spending b) Selling and buying c) Production and consumption ✅ d) Marketing and investing ✅ Answer: c) Production and consumption Who are the two kinds of people in the economy? a) Traders and investors b) Producers and consumers ✅ c) Buyers and sellers d) Retailers and wholesalers ✅ Answer: b) Producers and consumers What role do consumers play in the interaction mentioned? a) Only buyers b) Only sellers c) Customers and suppliers ✅ d) Only investors ✅ Answer: c) Customers and suppliers Who experiences well-being by selling commodities and services? a) Consumers b) Producers ✅ c) Distributors d) Government ✅ Answer: b) Producers What is the me...