| 1 |
Select the correct statement |
- A. Economics affects politics
- B. Economics affects history
- C. Geography affects economics
- D. all of the above are true
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| 2 |
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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| 3 |
Wealth of Nations was written in |
- A. 1976
- B. 1876
- C. 1776
- D. 1676
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| 4 |
Adam smith was a |
- A. President of France
- B. a modern economist
- C. good sports man
- D. classical economist
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| 5 |
One of the following is not a part of macro economics. |
- A. Public finance
- B. International trade.
- C. Consumer behaviour.
- D. National income.
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| 6 |
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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| 7 |
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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| 8 |
Economics problems arise because of |
- A. greed
- B. scarcity
- C. dishonesty
- D. laziness
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| 9 |
A positive statement |
- A. concerns what is
- B. is always accurate
- C. deals with values and opinions
- D. cannot be tested in the real world
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| 10 |
Economics laws |
- A. must be followed
- B. are hated by people
- C. show economic behavior of people
- D. are unscientific
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