| 1 |
Economic law are made by: |
- A. Govt.
- B. Courts
- C. Parliament
- D. Behaviour of the people
|
| 2 |
To which area of England Adam Smith belonged |
- A. Wales
- B. Scotland
- C. Ireland
- D. London
|
| 3 |
Of what nature state laws are |
- A. Local
- B. Regional
- C. National
- D. International
|
| 4 |
Which is not studied in micro economics ? |
- A. Theory of consumer behaviour
- B. Price theory
- C. Theory of money
- D. Theory of distribution of wealth
|
| 5 |
Which economist introduced economics as a science for the first time |
- A. Adam Smith
- B. Robbins
- C. Marshall
- D. Pigou
|
| 6 |
Methods of deriving economic laws are |
- A. Two
- B. Three
- C. Four
- D. Five
|
| 7 |
Who said that economics is positive science ? |
- A. Adam smith
- B. Marshall
- C. Robbins
- D. Keynes
|
| 8 |
Which one is not included in macro economics |
- A. National income
- B. Employment
- C. Price
- D. Investment
|
| 9 |
Which one is not studied in micro economic |
- A. National income
- B. Consumer behavior
- C. Market equilibrium
- D. Firm's equilibrium
|
| 10 |
Deductive method of deriving economic laws |
- A. We move from general conditions to particular conditions
- B. We move from particular conditions to general conditions
- C. Stated in general way
- D. Different incidents are kept in view
|
