| 1 |
Economics laws are |
- A. exact
- B. approximate
- C. brief
- D. definite
|
| 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
|
| 3 |
Wants are unlimited for: |
- A. Poor person
- B. Rich person
- C. All persons
- D. None of them
|
| 4 |
Marshall wrote the book |
- A. Introduction to economics
- B. Principles of economics
- C. Classical economics
- D. Micro economics theory
|
| 5 |
The products which are not priced in the market are called . |
- A. Economic goods
- B. Non-economic goods
- C. Merit goods
- D. Social goods
|
| 6 |
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
|
| 7 |
Who criticized economics as "dismal Science". |
- A. Alfred Marshall
- B. Lionel Robbins
- C. Carlyle and Ruskin
- D. J.M. Keynes.
|
| 8 |
All materials goods which can satisfy humans wants are called. |
- A. Non economic goods
- B. Economic goods
- C. Capital goods
- D. Services
|
| 9 |
Scarcity exists |
- A. in only poor countries
- B. in a country that uses resources inefficiently
- C. in all countries of the world
- D. when society produces unimportant goods
|
| 10 |
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
|
