| 1 |
Meaning of Economics: |
- A. State management
- B. Trade management
- C. Household management
- D. All of them
|
| 2 |
Which is not studied in macro economics ? |
- A. National income
- B. Money and banking
- C. Consumer's behavior
- D. Public finance
|
| 3 |
Founder of Classical school of thought was: |
- A. Adam smith
- B. Marshall
- C. Robbins
- D. Keynes
|
| 4 |
The non-material activities which have the ability to satisfy human wants indirectly, are called |
- A. Goods
- B. Services
- C. Satisfaction
- D. None of the three
|
| 5 |
Who did write the book named "Nature and importance of economics" |
- A. Adam smith
- B. Marshall
- C. Robbins
- D. Keynes
|
| 6 |
The conditions which are essentially kept constant for the application of economic laws, are called |
- A. Changes
- B. Assumptions
- C. Limitations
- D. Theories
|
| 7 |
To derive economic laws deductive method was adopted by |
- A. Classical school of thought
- B. Neo classical school of thought
- C. Historical school of thought
- D. Modern school of thought
|
| 8 |
Inductive method represents: |
- A. General to particular
- B. Particular to general
- C. Normative science
- D. Economic planning
|
| 9 |
Who said that economics is science of unlimited wants and limited means |
- A. Adam Smith
- B. Marshall
- C. Pigou
- D. Robbins
|
| 10 |
Ceteris paribus means: |
- A. Other things remain the same
- B. Assumptions of the law
- C. Conditions of the law
- D. All of them
|
