| 1 |
Ceteris paribus means: |
- A. Other things remain the same
- B. Assumptions of the law
- C. Conditions of the law
- D. All of them
|
| 2 |
The conditions which are essentially kept constant for the application of economic laws, are called |
- A. Changes
- B. Assumptions
- C. Limitations
- D. Theories
|
| 3 |
Micro economics related to |
- A. International trade
- B. Behavior of firm
- C. National income
- D. Personal income
|
| 4 |
Economic law are made by: |
- A. Govt.
- B. Courts
- C. Parliament
- D. Behaviour of the people
|
| 5 |
Who did introduce Macro Economics |
- A. Marshall
- B. N.W. Senior
- C. J.M. Keynes
- D. Ricardo
|
| 6 |
"General theory of employment, interest and money" was written by: |
- A. Robbins
- B. Pigou
- C. Keynes
- D. Canon
|
| 7 |
State laws are of |
- A. Regional nature
- B. Country nature
- C. International nature
- D. Non of three
|
| 8 |
Micro economics studies related to |
- A. National income
- B. Unemployment
- C. Trade cycle
- D. Consumer's behavior
|
| 9 |
Not acting upon economic laws |
- A. One gets punishment
- B. Economy faces loss
- C. Only the people not acting, face loss
- D. No one is influenced
|
| 10 |
Economics is basically divided into two parts |
- A. Micro and macro economics
- B. Micro and applied economics
- C. Theoretical and applied economics
- D. Welfare and applied economics
|
