| 1 |
Economics theory means |
- A. economic policy
- B. economic principles
- C. descriptive economics
- D. economics facts
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| 2 |
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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| 3 |
Adam smith was a |
- A. President of France
- B. a modern economist
- C. good sports man
- D. classical economist
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| 4 |
Who criticized economics as "dismal Science". |
- A. Alfred Marshall
- B. Lionel Robbins
- C. Carlyle and Ruskin
- D. J.M. Keynes.
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| 5 |
normative economics |
- A. deals solely with the facts
- B. is never studied in colleges
- C. involves opinions and interpretations
- D. is clearly preferable to positive economics
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| 6 |
Marshall wrote the book |
- A. Introduction to economics
- B. Principles of economics
- C. Classical economics
- D. Micro economics theory
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| 7 |
Who was the exponent of macro economics in recent times. |
- A. Adam Smith
- B. J.M. Keynes
- C. Marshall
- D. Maithus
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| 8 |
Market system means |
- A. Socialism
- B. Capitalism
- C. a place where goods are traded
- D. all of the above
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| 9 |
Wealth of nations |
- A. is another name for united nations
- B. is name of a book
- C. indicates total wealth of rich countries
- D. contains formulas to earn wealth
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| 10 |
Economics laws are |
- A. exact
- B. approximate
- C. brief
- D. definite
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