Question # 1

Who defined "Economics is the Science of Wealth"?

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J.K Mehta

Marshall

Adam Smith

Robbins

When was Asian Development bank established?

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1966

1967

1968

1965

The reserves of a commercial bank consist of:

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The amount of money market funds it holds.

Deposits at the Federal Reserve Bank and vault cash

Government bonds which the bank holds

The bank's net worth.

Who among the following makes a distinction between society and state?

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Pareto

Maclver

Charles Merriam

Bryce

When stock market is falling is called

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Bearish

Bullish

Anti Dumping

Dumping

What is meant by the term meritocracy:

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People achieving via merit

People achieving via accident of birth

People achieving because of who they know

None of these

An outward shift of the production possibility frontier may be caused by:

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An increase in demand

More government spending

Better training of employees

Productive inefficiency

In the sports a team member that has played extremely well might receive____award:

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VIP

WIA

TBP

MVP

An Enquiry into the Nature and Causes of Wealth of Nations is the book of economics written by:

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Adam Smith

Marshall

Robbins

None of above

The marginal revenue curve in monopoly:

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Equals the demand curve

Is parallel with the demand curve

Lies below and converges with the demand curve

Lies below and diverges form the demand curve

Who theory advocates only night watchman role of the state?

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Welfare state theory

Liberal Theory

Socialist Theory

Idealist Theory

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