61. What is transport?
A. Storage
B. Movement of goods and people
C. Selling goods
D. Producing goods
Answer: B
62. What is communication?
A. Talking only
B. Exchange of information
C. Writing only
D. Listening only
Answer: B
63. Which is a means of communication?
A. Car
B. Phone
C. Road
D. Train
Answer: B
64. What is a factory?
A. Farm
B. Place of production
C. School
D. Office
Answer: B
65. What is labor?
A. Machines
B. Human effort
C. Capital
D. Land
Answer: B
66. What is capital in economics?
A. Money and tools
B. Labor
C. Land
D. Resources
Answer: A
67. What is trade balance?
A. Income
B. Difference between exports and imports
C. Price level
D. Production
Answer: B
68. What is urbanization?
A. Growth of villages
B. Growth of cities
C. Migration to farms
D. Farming increase
Answer: B
69. What is a natural disaster?
A. Man-made event
B. Natural harmful event
C. Festival
D. Celebration
Answer: B
70. Which is a natural disaster?
A. Flood
B. School
C. Market
D. Factory
Answer: A