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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...

NMMS SAT Equality 7th Term 1 Question and answer English medium

  NMMS SAT Equality 7th Term 1 Question and answer English medium   📘  MCQs on Equality (from the given page) What causes natural inequality among humans? a) Religion b) Caste c) Physical strength and talent d) Economic status ✅ Answer: c) Physical strength and talent What type of inequality is created by humans? a) Genetic inequality b) Talent inequality c) Inequality in height d) Inequality based on caste, religion, and economy ✅ Answer: d) Inequality based on caste, religion, and economy What is essential for the development of skills and talents? a) Wealth b) Equal opportunities c) Education d) Natural ability ✅ Answer: b) Equal opportunities According to Prof. Laski, equality means: a) Equal talents b) Equal incomes c) Absence of social privilege and access to opportunities d) Sameness of treatment only ✅ An...