| 1 |
Economic laws can be define as . |
- A. A statement of social behaviour
- B. Laws implement by an executive
- C. Laws of the state
- D. Statement of general economic tendencies
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| 2 |
Scope of economics is defined as: |
- A. Individual and aggregate economic behaviour of the people.
- B. Subject matter of economics.
- C. Welfare Economics.
- D. All of the abpove
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| 3 |
Which laws are always subjected to certain conditions. |
- A. Social
- B. Political
- C. Moral
- D. Economic
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| 4 |
Who said that "Economics is a science of human welfare" |
- A. Adam Smith
- B. Carlyle and Ruskin
- C. Alfred Marshall
- D. Malthus
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| 5 |
Who was the founder of classical school of thought? |
- A. Adam Smith
- B. Marshall
- C. Keynes
- D. Maithus
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| 6 |
Robbins in his definition |
- A. talks of scarcity of resources
- B. preached moral values
- C. supports Adam smith view
- D. none of the above
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| 7 |
Robbins definition of economics spell out the existence of |
- A. Economics problem
- B. Social problem
- C. Political problem
- D. Moral problem
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| 8 |
Wants are unlimited for: |
- A. Poor person
- B. Rich person
- C. All persons
- D. None of them
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| 9 |
Which of the following is the subject matter of Economics. |
- A. Optimum use of limited resources for the satisfaction of unlimited human wants.
- B. Economic problems of the developing countries.
- C. Labour problems.
- D. Balance of payment problems.
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| 10 |
All non materials products which can satisfy human wants are called. |
- A. Economic goods
- B. Services
- C. Non-economics goods
- D. Services
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