| 1 |
Which type of problems are brought under discussion in micro economics . |
- A. Consumer's behaviour
- B. International trade
- C. Balance of payment
- D. Public finance
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| 2 |
Economics laws are |
- A. exact
- B. approximate
- C. brief
- D. definite
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| 3 |
Which one is not doing an economic activity. |
- A. One who is offering prayers.
- B. One who works for wage.
- C. One who rents out his property .
- D. One who is an employee of Government
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| 4 |
Scarcity means |
- A. non availability of goods
- B. high price of goods
- C. less supply than demand
- D. high profit of the firms
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| 5 |
Economics laws |
- A. must be followed
- B. are hated by people
- C. show economic behavior of people
- D. are unscientific
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| 6 |
Who criticized economics as "dismal Science". |
- A. Alfred Marshall
- B. Lionel Robbins
- C. Carlyle and Ruskin
- D. J.M. Keynes.
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| 7 |
Economics is a science which studies. |
- A. Distribution of income
- B. Optimum use of scarce resources.
- C. Production of wealth only
- D. Exchange of wealth only
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| 8 |
Which laws are always subjected to certain conditions. |
- A. Social
- B. Political
- C. Moral
- D. Economic
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| 9 |
Which statement is true? |
- A. Economics is a physical and normative science
- B. Economics is a social and natural science
- C. Economics is physical and positive science
- D. Economics is a social and normative science
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| 10 |
Prof. Marshall thinks |
- A. Economics studies national welfare
- B. Economics studies personal welfare
- C. Economics studies total welfare
- D. Economics studies material welfare
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